Brief: GARO To Discontinue Product Family
01/10/2026 07:33
BRIEF-GARO To Discontinue Product Family Oct 1 (Reuters) - Garo AB GARO.ST:
TO DISCONTINUE GARO ENTITY PRODUCT FAMILY AND INTENSIFY FOCUS ON ELECTRIFICATION
GARO ENTITY WILL BE GRADUALLY PHASED OUT OVER A PERIOD OF SIX TO NINE MONTHS
NOTICE OF TERMINATION OF EMPLOYMENT WILL BE GIVEN TO ALL EMPLOYEES OF SWEDISH COMPANY GARO E-MOBILITY AB
EMPLOYEES AT FOREIGN SUBSIDIARIES WILL ALSO BE AFFECTED
CAPITALIZED EXPENSES WILL BE WRITTEN DOWN
TOTAL IMPAIRMENT REQUIREMENT, INCLUDING INVENTORY AND OTHER ASSETS RELATED TO GARO ENTITY, IS ESTIMATED AT APPROXIMATELY MSEK 150
Source text: ID:nMFN5zs7HJ
Further company coverage: GARO.ST
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