Brief: Ekspress Grupp To Close Down The Home Delivery Business Line Of Express Post During 2023

Ekspress Grupp AS

27/01/2023 07:50

Jan 27 (Reuters) - Ekspress Grupp AS  EEG1T.TL :
    * CHANGE IN THE OPERATIONS OF THE JOINT VENTURE OF AS
EKSPRESS
GRUPP
    * TO CLOSE DOWN THE HOME DELIVERY BUSINESS LINE OF EXPRESS
POST
DURING 2023
    * THE CHANGE WILL NEITHER IMPACT THE VOLUME AND FREQUENCY OF
PUBLISHING THE PAPER PERIODICALS OF EKSPRESS GRUPP NOR THE HOME
DELIVERY CONDITIONS FOR ITS SUBSCRIBERS
    * AS A RESULT OF THE CLOSURE OF THE BUSINESS LINE AS EXPRESS
POST
WILL MAKE REDUNDANT C. 450 EMPLOYEES
    * ESTIMATED ADDITIONAL ONE-OFF EXPENDITURE RELATED TO THE
CLOSURE
OF BUSINESS LINE WILL TOTAL EUR 1.0–1.2 MILLION OF WHICH THE
SHARE OF EKSPRESS GRUPP WILL BE EUR 0.5–0.6 MILLION

Source text:  ID:nGNE7Qw4gx 
 
Further company coverage:  EEG1T.TL 
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