The declining order intake on the European market for large cable projects has already had consequences for the employees of NKT. The company's factories in Cologne and Karlskrona have laid off workers in a streamlining effort aimed at saving EUR 10 million in cost.
While the first quarter 2018 did not bring in any large orders to the Danish cable manufacturer, and even though the major cable project Viking Link between Denmark and the UK was postponed to an unspecified date in April, NKT's CEO is not pulling the breaks yet. 2019 will likely see rising orders, and in order to win them, NKT needs to have production in place that is equipped to handle the task.
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