Cleaning company ISS will stop operating in Chile and other 12 markets that are not profitable | Economy


In the search to improve its profitability, multinational cleaning and Installation management Danish ISS will leave 13 countries, Consider them very less profitable markets, which are also the emerging ones. Among these, Chile.

Thailand, Philippines, Malaysia, Brunei, Brazil, Israel, Estonia, Czech Republic, Hungary, Slovakia, Slovenia, Romania, plus Chile They represent only 12% of the INCOME income And 8% operating profits. This is what Diario Financiero points out.

The measure is to reduce the plant by about 100,000 workers. With the absence of the markets, staffing will be reduced 390,000 people. In Europe, ISS is one of the largest employers in the area.

The drastic measure is also explained because The company's shares dropped 18% this year. Speculation by analysts hurt the company, questioning its growth prospects.

The company's shares fell by about 0.6%, after the market opened in Copenhagen.

Instead, the company will seek to open up to larger corporate clients or key accounts, They represent 46% of organic growth, According to Jeff Grenpenhorst, CEO of the ISS group.

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