Brief: First Sensor Closes Munich Site To Improve Operational Efficiency

First Sensor AG

18/03/2021 10:14

March 18 (Reuters) - FIRST SENSOR AG  SISG.DE :
    * CLOSES MUNICH SITE TO IMPROVE OPERATIONAL EFFICIENCY
    * FSM ACTIVITIES WILL BE MIGRATED TO FIRST SENSOR SITES IN
BERLIN-WEIßENSEE AND OBERDISCHINGEN THROUGH END OF 2021
    * AFTER CONSOLIDATION FIXED COSTS WILL BE REDUCED BY AROUND
EUR 3M
PER YEAR SO THAT COSTS OF CLOSURE HAVE BEEN AMORTIZED IN NEXT
3-4 YEARS

Source text for Eikon:  ID:nEQ4ZnZkMa 
Further company coverage:  SISG.DE 

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