Brief: Midsona Announces Restructuring Program
22/10/2025 06:43
Oct 22 (Reuters) - Midsona AB (publ) MSONb.ST: SAID ON TUESDAY THAT IT HAS ANNOUNCED RESTRUCTURING PROGRAM PROGRAM AIMED AT STREAMLINING THE BUSINESS AND REDUCING OVERHEAD COSTS TO ACCELERATE MARGIN IMPROVEMENT AND STRENGTHEN GROUP’S COMPETITIVENESS PROGRAM IS EXPECTED TO ACHIEVE RUN RATE COST REDUCTION OF ABOUT SEK 20 MLN PER YEAR, ONCE FULLY IMPLEMENTED, WITH IMPLEMENTATION COSTS OF ABOUT SEK 15 MILLION TO REALIZE SAVINGS PROGRAM EXCLUDES THE ONGOING COST ADAPTATIONS IN THE SPANISH BUSINESS REFLECTING THE LOWER AVAILABLE PRODUCTION CAPACITY FOLLOWING THE FIRE IN THE PLANT IN CASTELLCIR PROPOSED RESTRUCTURING CONDITIONAL UPON CONSULTATIONS AND NEGOTIATIONS WITH RELEVANT EMPLOYEE REPRESENTATIVES PRIOR TO ANY FINAL DECISION THE AMBITION IS TO FINALIZE THE REQUIRED UNION NEGOTIATIONS AND IMPLEMENT THE CHANGES, SO THEY ACHIEVE FULL RUN RATE IMPACT BY THE FIRST QUARTER 2026 Source text for Workspace: nMFN5tc15S Further company coverage: [MSONb.ST] (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))