Brief: Bulten Closes Manufacturing Plant In UK

Bulten AB

07/12/2022 11:22

Dec 7 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN CLOSES MANUFACTURING PLANT IN THE UK
    * IN ORDER TO STREAMLINE OPERATION AND IMPROVE
PROFITABILITY,
BULTEN HAS DECIDED TO CLOSE ITS MANUFACTURING PLANT IN PEMBROKE,
UK
    * TOTAL RESTRUCTURING COSTS AMOUNT TO APPROXIMATELY SEK 11
MILLION, OF WHICH SEK 9 MILLION ARE RESERVED FOR CURRENT YEAR
    * CLOSURE MEANS THAT 50 JOBS ARE AT RISK OF REDUNDANCY
    * HERE WILL BE ADDITIONAL INVESTMENTS TOTALING ABOUT SEK 12
MILLION IN CONNECTION WITH CLOSURE
    * CLOSING-DOWN PROCESS WILL BEGIN WITH IMMEDIATE EFFECT, AND
PLAN
IS TO COMPLETE PROCESS DURING Q2 OF 2023

Source text for Eikon:  ID:nWkr6zmms3 
Further company coverage:  BULTEN.ST 
 (Gdansk Newsroom)
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