Tuesday, September 15, 2015

Employees may go when readly pulls down – Swedish Radio

The Internet-based magazine publisher readly headquartered in Växjö closes its office in Stockholm and will also reduce its workforce in Växjö.

– It is normal when you are young and new, you have to adapt to their business opportunity and we do that in this case, says CEO Per Hellberg.

Last year it was a minus 94 million and the forecast for this year show a deficit of nearly 115 million, it looks rather ominous?

– We have built this now in four countries, and for To build this so requires money and staff and that’s what we’re working on. So we’ve still aim to break even in the coming years.

What does this mean concretely for the staff in Vaxjo?

– This means that some staff must unfortunately leave us.

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