Brief: Gofore Mulls Divesting UK Subsidiary

Gofore Oyj

14/01/2020 10:04

Jan 14 (Reuters) - Gofore Oyj  GOFORE.HE :
    * REG-GOFORE PLC: GOFORE IS LOOKING INTO THE POSSIBILITY OF
DIVESTING ITS UK SUBSIDIARY
    * IN UK, AN EMPLOYEE CONSULTATION WILL BE INITIATED WITH
REGARDS
TO POSSIBLE CLOSING OF BUSINESS
    * CONSULTATION IS EXPECTED TO BE COMPLETED DURING JANUARY
2020
    * DUE TO WEAK MARKET OUTLOOK AND UNPROFITABLE BUSINESS
OPERATIONS,
GOFORE IS ANALYZING OPTION FOR DIVESTING ITS SUBSIDIARY'S
OPERATIONS IN UK
    * IN 2019, NET SALES TARGETS SET FOR UK SUBSIDIARY DID NOT
MATERIALIZE AND WEAKENING NET SALES INTENSIFIED AS YEAR
PROGRESSED
    * MARKET OUTLOOK FOR OUR CUSTOMER BASE IS WEAK

Source text for Eikon:  ID:nGNE9H3pNn 
Further company coverage:  GOFORE.HE 

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