Brief: Firstwave Cloud Technology Issues Restructure Update

Firstwave Cloud Technology

03/03/2022 01:22

March 3 (Reuters) - Firstwave Cloud Technology Ltd  FCT.AX :
    * FIRSTWAVE CLOUD TECHNOLOGY LTD - FIRSTWAVE RESTRUCTURE
UPDATE-FCT.AX
    * FIRSTWAVE CLOUD TECHNOLOGY -  MOST RECENT ROUND OF
RESTRUCTURING
TOOK TOTAL SALARY COST SAVINGS TO ABOUT A$5.5 MILLION PER ANNUM
FOR COMBINED BUSINESS
    * FIRSTWAVE CLOUD TECHNOLOGY -  NO FURTHER REDUCTION IN HEAD
COUNT
IS CURRENTLY ENVISAGED
    * FIRSTWAVE CLOUD TECHNOLOGY - RESTRUCTURE ALSO INCLUDES
REMOVAL
OF THE PRODUCT MANAGEMENT TEAM

Source text for Eikon:  ID:nASX6gXm5f 
Further company coverage:  FCT.AX 

 ((Reuters.Briefs@thomsonreuters.com;))