Brief: Big Rock Announces Undertaking Of Significant Cost-Cutting Measures

Big Rock Brewery

30/05/2019 01:03

May 29 (Reuters) - Big Rock Brewery Inc  BR.TO :
    * BIG ROCK BREWERY INC. ANNOUNCES UNDERTAKING OF SIGNIFICANT
COST-CUTTING MEASURES
    * BIG ROCK BREWERY - UNDERTAKEN SIGNIFICANT COST-CUTTING
MEASURES,
INCLUDING REDUCTIONS TO WORKFORCE
    * BIG ROCK BREWERY INC -  COST-CUTTING MEASURES ARE IN
RESPONSE TO
PERSISTING REGULATORY ENVIRONMENT FOR BREWERS OF ITS SIZE IN
ALBERTA
    * BIG ROCK BREWERY INC - EXPECTS TO BENEFIT FROM THESE
MEASURES BY
REALIZING LOWER OPERATING COSTS BEGINNING IN Q3 2019
    * BIG ROCK BREWERY INC - COST-CUTTING MEASURES UNDERTAKEN BY
CORPORATION INCLUDE CERTAIN ONE-TIME RESTRUCTURING COSTS
    * BIG ROCK BREWERY - NET ALBERTA PROVINCIAL LIQUOR TAX
CHARGES OF
$10.7 MILLION FOR FISCAL 2018 ESTIMATED TO INCREASE TO GREATER
THAN $21 MILLION FOR FISCAL 2019

Source text for Eikon:  ID:nCNW1XNyXa 
Further company coverage:  BR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))