The Danish service group ISS, which is responsible for everything from cleaning to canteen operations and on-call service, is preparing to sell contracts worth DKK four billion a year.
Stated in a press release by ISS, the Danish group plans to sell its activities in Taiwan, Russia and Portugal and has presented its strategy for the coming years, which must correct the fluctuating financial results.
In addition to leaving the three countries, ISS will also sell other parts that are not described as core business. The ISS has been hit hard by the corona outbreak – partly because employees around the world have been sent home, which have meant less need for cleaning and canteen operations. Because of that the ISS is facing a billion deficit in 2020.
The divestment of activities in Taiwan, Russia and Portugal is not in place yet, but it is not the first adjustments ISS have had to make. Over the past two years, ISS have sold its activities in a large number of countries. In October, it meant divestments in Malaysia, Thailand and Brazil.
ISS is the Danish company with the most employees. Due to divestments, ISS has gone from 486,000 employees in 2018 to now being around 440,000 employees.