Brief: Cint To Lay Off 12% Of Workforce In Cost Savings Programme

Cint AB (publ)

12/12/2024 07:47

Dec 12 (Reuters) - Cint Group AB (publ)  CINT.ST :
    * CINT IS REDUCING ITS COST BASE TO INCREASE EFFICIENCY AND
SETS A
DATE FOR A STRATEGY UPDATE
    * TO IMPLEMENT 12% WORKFORCE REDUCTION FOR COST SAVINGS
    * COST REDUCTIONS WILL COME WITH A RESTRUCTURING CHARGE OF
ABOUT
MEUR 5 IN Q4 OF 2024
    * TO HOST A STRATEGY UPDATE FOR INVESTORS ON JAN 27 2025 TO
OUTLINE ITS MEDIUM-TERM STRATEGIC INITIATIVES AND FINANCIAL
TARGETS

Source text:  ID:nMFNbMjJ8W 
Further company coverage:  CINT.ST 

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