Brief: Mighty Kingdom Announces Completion Of Operational Review And Restructure

Fortifai

13/05/2024 02:09

May 13 (Reuters) - Mighty Kingdom Ltd  MKL.AX :
    * COMPLETION OF OPERATIONAL REVIEW AND RESTRUCTURE
    * DECISION TO REDUCE COMPANY'S WORKFORCE BY 28%
    * MKL INITIATED RIGHTSIZING THAT INCLUDED A RESTRUCTURE
PROCESS
AND A DECISION TO REDUCE COMPANY'S WORKFORCE BY 28%
    * DECISION TO REDUCE WORKFORCE BY 28% WILL RESULT IN
ANNUALISED
COST SAVINGS OF ABOUT A$2.1M
    * REVISED STRUCTURE ENSURES CO CAN CONTINUE TO EXECUTE ON
EXISTING
PROJECTS WITH KEY PARTNERS

Further company coverage:  MKL.AX 

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