Brief: Katex to close manufacturing division
22/07/2016 17:49
July 22(Reuters) - Katex AD 5KTE.BB :
* Says as a result from the worsen market situation and
decreased productivity, its management board decided to
terminate the activity of the manufacturing division of the
company
* Katex AD initiated a procedure for shedding of staff in
pursuance with Art. 130a of the Labour Code
* The manufacturing capacity of the company shall be
maintained in a way allowing the manufacturing activity to be
resumed in case of emergence of sufficient market conditions
Further company coverage: 5KTE.BB
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