Brief: Eden Innovations Ltd Announces Restructuring Of U.S. Operations

Eden Innovations

09/11/2022 01:30

Nov 9 (Reuters) - Eden Innovations Ltd  EDE.AX :
    * RESTRUCTURING OF U.S. OPERATIONS
    * U.S. UNIT UNDERTAKEN A MAJOR RESTRUCTURING IN ORDER TO
SIGNIFICANTLY REDUCE ITS OVERALL OPERATING COSTS
    * EDEN U.S. HAS HAD TO REDUCE ITS WORKFORCE
    * TOTAL BUDGETED ANNUAL OPERATING COSTS OF EDEN GROUP HAVE
BEEN
REDUCED OVER PAST THREE WEEKS BY MORE THAN A$3MILLION
    * UNIT STILL MAINTAINING ITS FULL PRODUCTION CAPABILITIES
AND MOST
OF ITS SALES TEAM

Source text for Eikon:  ID:nASXb1PhsD 
Further company coverage:  EDE.AX 
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