Brief: FM Mattsson Group Initiates Efficiency Programme

FM Mattsson AB (publ)

02/02/2023 07:07

Feb 2 (Reuters) - FM Mattsson AB (publ)  FMMb.ST :
    * FM MATTSSON GROUP INITIATES EFFICIENCY PROGRAMME
    * DECISION HAS BEEN TAKEN TODAY TO REDUCE NUMBER OF
EMPLOYEES IN
MORA, WHERE HEAD OFFICE AND PRODUCTION ARE LOCATED, TO INCREASE
EFFICIENCY OF BUSINESS IN CURRENT SITUATION
    * OBJECTIVE IS TO REDUCE NUMBER OF EMPLOYEES IN MORA BY C.
35.
    * NEGOTIATIONS BETWEEN AFFECTED PARTIES WILL BEGIN
IMMEDIATELY
    * EFFICIENCY PROGRAMME IS EXPECTED TO GENERATE ANNUAL COST
SAVINGS
OF C. 15 MSEK ONCE IT IS COMPLETED IN Q3
    * COMPANY CANNOT YET JUDGE WHAT ONE-OFF COSTS MAY BE
INCURRED AS A
RESULT OF DECISION

Source text for Eikon:  ID:nMFNhgzrT 
Further company coverage:  FMMb.ST 
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