Brief: Ahlers Decides On Cost-Cutting Measures

Ahlers AG

22/09/2020 16:40

Sept 22 (Reuters) - AHLERS AG  AAHG.F :
    * DECIDES ON EXTENSIVE COST-CUTTING MEASURES WITH THE AIM OF
ACHIEVING A SUSTAINABLE IMPROVEMENT IN EARNINGS
    * STAFF REDUCTION OF AROUND 80 EMPLOYEES, INCLUDING AROUND
65 IN
HERFORD, ACROSS ALL AREAS AND HIERARCHICAL LEVELS
    * MEASURES INCLUDE THE RELOCATION OF LOGISTICS SERVICES AND
THE
WORKWEAR MODEL DEPARTMENT FROM HERFORD TO POLAND
    * PERSONNEL COSTS SHOULD DECREASE SIGNIFICANTLY BY END OF
2022 AND
CONTRIBUTE TO IMPROVEMENT IN EARNINGS AND RETURN TO
PROFITABILITY
    * FOR THE MEASURES, PROVISIONS OF AROUND EUR 3.5 MILLION ARE
LIKELY TO BE NECESSARY IN THE 2019/20 FINANCIAL YEAR

Source text for Eikon:  ID:nPexNgnvMa 
Further company coverage:  AAHG.F 

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