Brief: Burckhardt Compression to adjust capacity, cut 100 jobs worldwide

Burckhardt Compression Holding AG

25/08/2016 16:43

Aug 25 (Reuters) - Burckhardt Compression Holding AG 
 BCHN.S : 
    * Market situation forces Burckhardt Compression to adjust 
capacity 
    * 100 jobs are likely to be shed worldwide, 50 of them in 
Winterthur and 50 at other locations 
    * In addition, short-time working will be introduced for 
around 100 staff at the Winterthur site as from October 
    * Anticipates order intake of less than 500 million Swiss 
francs ($516.69 million) for the group's business (excluding 
Shenyang Yuanda Compressor) for 2016 
    * In all other respects, the outlook announced in June of 
this year remains unchanged 
 
Source text - http://bit.ly/2biWIYn 
Further company coverage:  BCHN.S  
 
($1 = 0.9677 Swiss francs) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))