Brief: KID ASA Closes Stores Temporarily On Restrictions

Kid ASA

25/01/2021 10:43

Jan 25 (Reuters) - KID ASA  KID.OL :  
    * AS A CONSEQUENCE OF NORWEGIAN AUTHORITIES' DECISION TO
TEMPORARILY CLOSE RETAIL TRADE STORES IN 25 MUNICIPALITIES IN
AND AROUND THE GREATER OSLO AREA 
    * KID HAS INITIATED ACTIONS TO REDUCE PERSONNEL COSTS AND
WILL
TODAY GIVE NOTICE OF TEMPORARY LAYOFFS TO APPROXIMATELY 300
STORE EMPLOYEES
    * KID HAS NOW CLOSED 38 OF ITS STORES UNTIL 31 JANUARY 2021

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiNtC31a
    
 Further company coverage:  KID.OL  
   
    
    

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))