Brief: Fiskars Plans Net Reduction Of About 100 Roles Globally

Fiskars

23/01/2023 07:04

Jan 23 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS PLANS TARGETED ORGANIZATIONAL CHANGES TO
ACCELERATE
STRATEGY EXECUTION
    * PLANNED ORGANIZATIONAL CHANGES ARE EXPECTED TO LEAD TO A
NET
REDUCTION OF APPROXIMATELY 100 ROLES GLOBALLY
    * PLANNED CHANGES ARE ESTIMATED TO RESULT IN TOTAL ANNUAL
COST
SAVINGS OF ABOUT EUR 30 MILLION
    * OUT OF COST SAVINGS ABOUT HALF WOULD BE REALIZED IN SECOND
HALF
OF 2023
    * AT SAME TIME, COMPANY WILL CONTINUE TO INVEST IN KEY
STRATEGIC
BUILDING BLOCKS, ESPECIALLY DIRECT-TO-CONSUMER AND DIGITAL
    * ONE-OFF COSTS RELATED TO PLANNED ORGANIZATIONAL CHANGES
ARE
EXPECTED TO AMOUNT TO A TOTAL OF ABOUT EUR 5 MILLION
    * COSTS WILL BE RECORDED AS ITEMS AFFECTING COMPARABILITY
(IAC) IN
Q1 OF 2023

Source text for Eikon:  ID:nWkr78HCh0 
Further company coverage:  FSKRS.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))