Global Cleaning Giant to Get Rid of 100,000 Jobs
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ISS A/S of Denmark, which is one of the world’s largest private employers, is planning to get rid of about 100,000 jobs as it exits 13 countries that were among its least profitable markets.
The move represents about a fifth of the company’s global workforce. Shareholders will get at least a quarter of as much as 2.5 billion kroner ($383 million) in anticipated net proceeds, Chief Executive Officer Jeff Gravenhorst said by phone on Monday.