Brief: Agora's Helios Ends Talks On Group Layoffs

Agora SA

22/11/2022 12:02

Nov 22 (Reuters) - Agora SA  AGOP.WA :
    * ENDS CONSULTATION PROCEDURES ON GROUP LAYOFFS IN UNIT
HELIOS
    * GROUP LAYOFFS OF UP TO 53 EMPLOYEES TO BE CONDUCTED
BETWEEN NOV
22 AND DEC 21
    * ADDITIONALLY, COMPANY WON'T EXTEND CHOSEN JOB CONTRACTS
AND
WON'T FILL VACANCIES WHICH WILL FURTHER DECREASE NUMBER OF
HELIOS' EMPLOYEES BY 16
    * NOW SEES VALUE OF PROVISION RELATED TO GROUP LAYOFFS WILL
AMOUNT
TO ABOUT 1.9 MILLION ZLOTYS AND WILL IMPACT Q4 RESULT
    * COMPANY ESTIMATES THAT ANNUALLY SAVINGS FROM THIS
RESTRUCTURING
MAY AMOUNT TO ABOUT 5.45 MILLION ZLOTYS
    * AS RESULT OF CONSULTATIONS, IT WAS DECIDED THAT LAID OFF
WORKERS
WILL RECEIVE LARGER SUPPORT THAN HELIOS' POLICY NORMALLY ALLOWS

Source text for Eikon:  ID:nEM76wTJNa 
Further company coverage:  AGOP.WA 
 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))