Brief: Groclin Plans To Reduce Workforce

Less SA

13/08/2018 07:42

Aug 13 (Reuters) - GROCLIN SA  GCN.WA :
    * REPORTED ON FRIDAY IT PLANS TO REDUCE GROCLIN WORKFORCE BY
321
EMPLOYEES WHICH CONSTITUTES 45 PCT OF ALL EMPLOYED
    * LAY-OFFS TO BE IMPLEMENTED BETWEEN AUGUST - DECEMBER 2018
    * SAYS REASON FOR PLANNED RESTRUCTURING IS PROGRESSIVE
DECLINE IN
REVENUES ON CONTRACTS EXECUTED IN POLISH FACTORIES, PRICE
PRESSURE AND GROWING COMPETITION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM4cwcTGa
    
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