Brief: LEM Holding: New Initiatives For Operations In Switzerland And In Malaysia

Lem Holding SA

23/01/2020 06:27

Jan 23(Reuters) - LEM HOLDING SA  LEHN.S :  
    * ANNOUNCES NEW INITIATIVES FOR OPERATIONS IN SWITZERLAND
AND IN
MALAYSIA
    * CHANGING ROLE OF HEADQUARTERS (HQ) RESULTS IN LOSS OF 21
JOBS IN
GENEVA
    * NEW GENEVA HQ PURPOSE BUILT FOR AROUND 250 EMPLOYEES,
INCLUDING
R&D DEPARTMENT, TO OPEN IN 2021
    * SWISS HOLDING COMPANY TO TRANSFER FROM FRIBOURG TO GENEVA
    * INVESTMENT IN MALAYSIA PRODUCTION FACILITY TO SERVE
CUSTOMERS
WORLDWIDE FROM 2021
    * CHANGES TO ITS LEGAL STRUCTURE TO REDUCE COMPLEXITY AND
SIMPLIFY
INTERNAL PROCESSES
    * MERGER OF LEM INTERNATIONAL SA AND LEM SWITZERLAND SA ON
30 JUNE
2020
    * RELOCATION WILL NOT RESULT IN ANY JOB LOSSES, BUT RATHER
RELOCATION OF SOME STAFF TO GENEVA

    
 Source text for Eikon:  ID:nFWN29R13F 
    
 Further company coverage:  LEHN.S  
   
    
    

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