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The programme, which aims to reduce annual costs by over NOK100m, will reduce the number of employees by some 200 and will affect Aktiv Kapital's offices in all of its 11 countries.
The measures include reducing the number of offices and down-sizing certain offices.
The full effect of the programme is expected to be felt from July 2009.
Aktiv Kapital, headquartered in Oslo, Norway, is Europe's and Canada's largest purchaser of non-performing consumer credits and an international player in the debt collection business. The company has operations in 11 countries and reported revenues of NOK1.58bn in 2007.
One British pound (GBP) is worth approximately 10.08 Norwegian kroner (NOK).
Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com
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