Brief: H+H announces restructuring of Polish operations including job cuts

H+H International A/S

06/02/2015 13:53

Feb 6 (Reuters) - H+H International A/S  HHDC.CO : 
    * Announces overall Polish restructuring plan following 
H+H's acquisition of Grupa Prefabet S.A. 
    * New structure in Poland will lead to closure of three 
factories in addition to already mothballed H+H factory in 
Skawina, leaving six factories in operation  
    * Says as a consequence of necessary restructuring, there 
will be redundancies involving around 200 employees 
    * To achieve the optimal production set-up for the six 
remaining factories in Poland, H+H expects to make additional 
investments totalling about 20 million Danish crowns ($3.06 
million) during 2015 and 2016 
    * Says over the next 2-3 years H+H expects to be able to 
sell off assets (land, buildings, equipment and scrapped steel) 
at a total sales price exceeding 70 million crowns  
 
 
Source text for Eikon:  ID:nCSE5Gx9  
Further company coverage:  HHDC.CO  
 
($1 = 6.5458 Danish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))