Realignment of Norda Stelo’s Activities

May 2, 2016 – Norda Stelo is realigning its activities and will be focusing on more targeted sectors in which it can provide greater added value to its clients.

As such, certain commodity services, namely civil works for municipalities, will be given up. Note that any projects currently underway will be completed. Services offered to industrial, foreign and transport clients will be maintained.

This realignment will be accompanied by a series of measures designed to improve the firm’s performance and competitiveness.

As part of this realignment, which is dictated by unfavourable market conditions, one hundred-some people have been laid off. Departures will be gradual, over the next several months.