"This will be a challenging time for all our colleagues, especially those directly affected by the reorganization", writes CEO Jean Marc Harion in the report.
In 2023, the group had 4,400 employees according to the company's website, a notice of 15 percent means that between 600 and 700 people will be laid off.
The profit before tax landed at 1.2 billion kronor for the fourth quarter, compared to 1.1 billion kronor for the same period.
The board proposes that shareholders receive 6.35 kronor per share in dividend.
