Brief: Aquafil Unit To Close Plant In Germany, Layoff 72 Employees

Aquafil SpA

24/09/2019 16:45

Sept 24 (Reuters) - Aquafil SpA  ECNL.MI :
    * UNIT AQUALEUNA STARTS PROCEDURE TO CLOSE PLANT IN GERMANY
THAT
INCLUDES LAYOFF OF 72 EMPLOYEES
    * REORGANISATION OF EMEA BCF PRODUCTION FACILITIES IS
EXPECTED TO
BE COMPLETED BY DECEMBER 2019
    * REORGANISATION OF EMEA BCF PRODUCTION FACILITIES WILL
RESULT IN
ANNUAL SAVINGS OF ABOUT EUR 4 MILLION, WITH ONE-OFF CLOSING
COSTS OF ABOUT SAME AMOUNT

Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5Y2WBY
Further company coverage:  ECNL.MI 

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