European Debt Collector Intrum Justitia Pares German Operations

Swedish collection agency and debt buyer Intrum Justitia said today that it has readjusted its resources within its German operations due to poor performance in 2012. The actions will result in a $10.5 million charge to be realized in the fourth quarter of 2012.

Intrum said that it has already reduced its staff by 25 percent in Germany as a result.

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