Brief: lastminute.com proposes redundancies of around 110 employees based in UK
18/08/2015 05:55
Aug 18 (Reuters) - Lastminute.com NV LMN.S :
* Group is proposing redundancies of around 110 employees
based in UK, subject to a formal consultation process that
begins today
* If proposals are confirmed, would lead to potential
redundancies over a period from end of October 2015 to March
2016
* At end of Q1 2016, lastminute.com group will employ
approximately 150 employees in UK
* Group would sustain around 2.2 million euros of
extraordinary expenses, targeting cost savings and minor capex
from March 2016 of about 18 million euros ($19.90 million) on an
annualised basis
Source text: http://bit.ly/1PwHZ4Z
Further company coverage: LMN.S
($1 = 0.9044 euros)
(Gdynia Newsroom)
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