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Scanship outlines cost-cutting plans

Scanship outlines cost-cutting plans
Due to lower than expected profits over the last quarters, Scanship—a Norway-based producer of advanced wastewater purification systems—is initiating a cost-reduction program that is expected to have full effect from the beginning of 2017.

The aim is to trim operating cost by at least 20%, or approximately 1m Norwegian kroner ($121,000) per month at the current level of operation.

The program will combine layoffs and reduction in other operating costs.

'Scanship has through the years supplied state-of-the-art technology for environmental protection, becoming a leader in the cruise industry. We remain confident in our future, retaining our core capabilities, and continue to develop our market position with new and stronger technology offerings,' ceo Henrik Badin said.

Moving forward, he added, the company must ensure it's operating as efficiently as possible.