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FMM B — FM Mattsson AB (publ) News Story

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Brief: FM Mattsson Plans To Cut 45 Jobs In Mora

Jan 28 (Reuters) - FM Mattsson AB (publ) FMMb.ST:

INTENDS TO REDUCE NUMBER OF POSITIONS IN MORA BY UP TO 45

IMPLEMENTS MEASURES TO ACHIEVE ITS LONG-TERM TARGET OF AN EBITA MARGIN OF 15% OVER AN ECONOMIC CYCLE

OBJECTIVE OF MEASURES IS TO GENERATE ANNUAL COST SAVINGS OF ABOUT SEK 20-25 MILLION, WITH EFFECT FROM Q3

ANY ONE-OFF COSTS ASSOCIATED WITH PROGRAMME CANNOT BE ASSESSED AT THIS TIME

Source text: ID:nMFN54ryCv

Further company coverage: [FMMb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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