Tada...
In a bid to shed non-profitable operations, Stockholm-based contracting giant Skanska AB will reduce its global workforce by 3,000, new CEO Anders Danielsson said on Feb. 2. In a quarterly results call, he told investors he was “not satisfied” with last year’s 33% drop in group operating profit and described the 0.8% operating margin in construction activities—2.7% below target—as “unacceptable.”