11:39 PM EST, 11/03/2026 (MT Newswires) -- Nobia (NOBI.ST) intends to reduce its workforce and close some offices overseas to streamline its organization and generate savings, according to a Tuesday release. From the fourth quarter of 2026, the Swedish kitchen specialist will implement group-wide job cuts and consolidate responsibilities, as well as close its sourcing office in Shanghai, China, and its shared service center in Vilnius, Lithuania. It will also relocate to a new headquarters in the second quarter of 2027 as part of the plan. The restructuring is expected to generate 150 million kronor of annual run-rate cost savings from the fourth quarter of 2027.

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