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ENC ENCE Energia y Celulosa SA News Story

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Brief: ENCE Launches Efficiency Plan Involving AI And Reduction Of Workforce

Oct 28 (Reuters) - Ence Energia y Celulosa SA ENC.MC:

LAUNCHES EFFICIENCY PLAN TO BE IMPLEMENTED OVER 2025-2027 BASED ON AI AND AUTOMATION OF PROCESSES

PLAN EXPECTED TO GENERATE ANNUAL SAVINGS IN CASH OF ABOUT €22/T, WITH ESTIMATED CASH OUTFLOW OF AROUND 23 MILLION EUROS, RESULTING IN ABOUT NET PRESENT VALUE (NPV) OF ABOUT 200 MILLION EUROS

EXECUTION OF PROJECTS TO ENTAIL ADJUSTMENT OF CO'S WORKFORCE, WITHIN FRAMEWORK OF COLLECTIVE REDUNDANCY PROCEDURE ALREADY INITIATED

Source text: nCNM6PFgds

Further company coverage: ENC.MC

 (Gdansk Newsroom)

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

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