Brief: Feintool Optimizes Production Footprint In Europe

Feintool International Holding AG

28/05/2024 05:32

May 28 (Reuters) - Feintool International Holding AG
 FTON.S :
    * REG-FEINTOOL OPTIMIZES PRODUCTION FOOTPRINT IN EUROPE
    * HIGH-VOLUME PRODUCTION IN LYSS WILL BE RELOCATED TO CZECH
REPUBLIC BY END OF 2025.
    * APPROXIMATELY 70 JOBS ARE PLANNED TO BE MADE REDUNDANT AT
SITE
    * EARNINGS ARE EXPECTED TO BE IMPACTED BY RESTRUCTURING
EXPENSES
RANGING FROM CHF 10 -12 MILLION IN 2024
    * FEINTOOL INTERNATIONAL HOLDING - ONCE RELOCATION IS
COMPLETE, A
SUSTAINABLE IMPROVEMENT IN EBIT OF CHF 7 MILLION PER FISCAL YEAR
IS ANTICIPATED

Source text for Eikon:  ID:nGNE8Kx4xq 
Further company coverage:  FTON.S 

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