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Ingram Micro scales back in Nordic region

That means job cuts doesn't it?

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Ingram Micro is restructuring its Nordic breadline broadline business in an effort to increase profits.

It is selling off its Danish broadline business to Actebis, though financial terms have not been disclosed. It will close operations in Finland and Norway in the second quarter of 2009.

Ingram will keep a broadline operation in Sweden but reduce the workforce. In the rest of the Nordic market it will concentrate on its electronic point of sale and data capture business.

The distie blamed the recession for the move.

Ingram's president for Europe, Middle East and Africa, said: “The combination of the rapid deterioration in the global economy, the corresponding reduction in IT spending, and persistent price erosion in these markets has created the need for an appropriate response." ®

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