Brief: H&D Wireless To Reduce Organization By 50%

Hitech & Development Wireless Sweden Holding AB (publ)

01/10/2024 11:47

Oct 1 (Reuters) - Hitech & Development Wireless Sweden
Holding AB (publ)  HDWb.ST :
    * DECIDES ON FOCUS ON IOT AS WELL AS A SAVINGS PLAN
    * SAVINGS PLAN WITH, IN PRINCIPLE, A 50% REDUCTION IN
ORGANISATION
    * DECIDES TO FOCUS ON RF MODULES, BUSINESS CONDUCTED IN THE
SUBSIDIARY HDW CONNECTIVITY AB; IT MEANS LIQUIDATION OF OTHER
SUBSIDIARIES
    * DECISION MEANS A SAVING OF APPROXIMATELY 1.25 MSEK PER
MONTH, 15
MSEK ON  ANNUAL BASIS
    * APPROXIMATELY SEK 22 MILLION  REDUCTION IN DEBT FOR THE
GROUP
    * COST SAVING IS FIRST STEP TO REGAIN  PROFITABILITY IN
GROUP

Source text for Eikon:  ID:nBQN6S7Qg0 
Further company coverage:  HDWb.ST 

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