Brief: Hanza To Lay Off 50 Workers In Ronneby Due To Efficiency Program

Hanza AB

13/03/2024 08:06

March 13 (Reuters) - Hanza AB  HANZA.ST :
    * LAUNCHES AN EFFICIENCY PROGRAM AS AN IMPORTANT STEP IN
INTEGRATION OF RECENTLY ACQUIRED COMPANY ORBIT ONE
    * GENERAL MARKET CHANGE AT BEGINNING OF 2024 HAS HAD AN
IMPACT ON
VOLUMES IN SOME PARTS OF GROUP
    * WE WILL REDUCE WORKFORCE BY 50 PEOPLE AT PRODUCTION UNIT
IN
RONNEBY
    * COST OF PROGRAM IS ESTIMATED TO BE A MAXIMUM OF SEK 20
MILLION
AND WILL BE CHARGED TO Q1 OF 2024
    * IN TERMS OF CASH FLOW, PROGRAM WILL MAINLY BE CHARGED TO
HANZA
IN 2024, STARTING IN Q2
    * A SMALLER STAFF REDUCTION IS ALSO BEING CONSIDERED IN
PRABUTY,
POLAND

Source text for Eikon:  ID:nWkr6Hb0rl 
Further company coverage:  HANZA.ST 

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