CGEMY Capgemini SE (PK)

42.05

0.23 (0.55%)

16 Jul 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Capgemini SE (PK)	USOTC:CGEMY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.23	0.55%	42.05	36.84	42.09	42.09	41.63	41.75	526,824	21:46:41

Sandvik Outsources Some Finance Processes, Job Losses Likely

11/04/2013 8:29am

Dow Jones News

Capgemini (PK) (USOTC:CGEMY)
Historical Stock Chart

From Jul 2019 to Jul 2024

Click Here for more Capgemini (PK) Charts.

    By Dominic Chopping

STOCKHOLM--Swedish engineer Sandvik AB (SAND.SK) said Thursday it will outsource certain financial processes that will likley lead to redundancies, though the number of employees affected and the timing of any such job losses aren't yet known.

 
   MAIN FACTS:

-CFO Emil Nilsson, says: "We need to be flexible and scalable to position ourselves for future growth...Sandvik has signed a 5-year contract with Capgemini (CAP.FR) to handle the transactional finance rule-based and repeatable processes which will enable us instead to focus on crucial business support."

-The new model will be implemented during 2013-2015 in 29 countries and involves all Sandvik's Business Areas.

-Shares closed Wednesday at SEK99.25, valuing the company at SEK124.5 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires