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ELABS Elliptic Laboratories ASA News Story

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Brief: Elliptic Laboratories Plans Cost Reductions, Organizational Changes

Jan 27 (Reuters) - Elliptic Laboratories ASA ELABS.OL:

PLANS COST REDUCTIONS AND ORGANIZATIONAL CHANGES

TO IMPLEMENT LAYOFFS AND ORGANIZATIONAL ADJUSTMENTS

ADJUSTMENTS EXPECTED TO RESULT IN ANNUALIZED REDUCTIONS OF ABOUT 15% IN COMBINED PERSONNEL AND OTHER OPERATING EXPENSES

Source text: ID:nMFN6Xqt7c

Further company coverage: ELABS.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))

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