Brief: Bjorn Borg To Cut Jobs
24/06/2020 08:08
June 24 (Reuters) - Bjorn Borg AB BORG.ST :
* FURTHER UPDATE ON THE IMPACT OF THE CORONA VIRUS ON THE
BJÖRN
BORG GROUP
* PLANS TO REDUCE NUMBER OF EMPLOYEES WITH APPROXIMATELY 19.
PERSONS AT HEADQUARTERS IN STOCKHOLM DURING 2020
* ESTIMATED ANNUAL SAVINGS FROM PLANNED STAFF REDUCTION IS
APPROXIMATELY SEK 20 MILLION
* DESPITE STRAINED SITUATION, BJÖRN BORG'S LIQUIDITY REMAINS
SATISFACTORY
* COMPANY HOWEVER ESTIMATES THAT LIQUIDITY WILL REMAIN
SATISFACTORY DURING REST OF 2020 AS A RESULT OF MEASURES COMPANY
HAS TAKEN AND WILL TAKE
Source text for Eikon: ID:nWkr5YPhRX
Further company coverage: BORG.ST
(Gdansk Newsroom)
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