Brief: AAP Says Co Plans To Reduce Its Workforce By Around 25% In Current Financial Year
16/03/2020 19:50
March 16 (Reuters) - Aap Implantate AG AAQG.DE :
* DGAP-ADHOC: AAP IMPLANTATE AG RESOLVES ON CONCEPT FOR
EXTENSIVE
STAFF REDUCTION AND EXTRAORDINARY VALUE ADJUSTMENT TO
CAPITALIZED DEVELOPMENT COSTS; POSTPONEMENT OF PUBLICATION OF
THE 2019 FINANCIAL STATEMENTS
* STARTING FROM A HEADCOUNT OF 145 ON FEBRUARY 29, 2020, CO
PLANS
TO REDUCE ITS WORKFORCE BY AROUND 25% IN CURRENT FINANCIAL YEAR
* AIM OF MEASURE IS TO SAVE MORE THAN EUR 1.3 MILLION
ANNUALLY IN
PERSONNEL COSTS FROM 2021
* EXPECTS ONE-OFF EXPENSES OF UP TO EUR 0.7 MILLION, WHICH
WILL
HAVE A NEGATIVE IMPACT ON EARNINGS IN FINANCIAL YEAR 2020
* MANAGEMENT BOARD IS CURRENTLY EVALUATING VARIOUS STRATEGIC
ALTERNATIVES FOR INCREASING VALUE
Source text for Eikon: ID:nEQ7ssHGxa
Further company coverage: AAQG.DE
((Reuters.Briefs@thomsonreuters.com;))
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