Brief: Aumann Reduction To Around 750 Employees

Aumann AG

15/12/2020 10:40

Dec 15 (Reuters) - AUMANN AG  AAGG.DE :
    * AUMANN DECIDES TO ADJUST CAPACITY DUE TO WEAK DEMAND IN
THE
AUTOMOTIVE INDUSTRY
    * REDUCTION TO AROUND 750 EMPLOYEES DURING COURSE OF 2021
FINANCIAL YEAR.
    * CONTINUES TO EXPECT A SLIGHTLY POSITIVE EBITDA MARGIN FOR
CURRENT FINANCIAL YEAR.
    * PROVISIONS OF PRESUMABLY EUR 8.5 MILLION WILL HAVE TO BE
FORMED
IN CONNECTION WITH REDUCTION IN HEADCOUNT, WHICH WILL BURDEN
2020 FINANCIAL YEAR RESULTS

Source text for Eikon:  ID:nEQpkpCQa 
Further company coverage:  AAGG.DE 

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