Brief: Mikron Adjusts Capacity At Machine Manufacturing Site In Agno

Mikron Holding AG

17/04/2020 06:32

April 17 (Reuters) - MIKRON HOLDING AG  MIKN.S :
    * REACTS TO THE PERSISTENTLY LOW DEMAND FROM THE AUTOMOTIVE
INDUSTRY AND MAKES FURTHER CAPACITY ADJUSTMENTS AT THE MACHINE
MANUFACTURING SITE IN AGNO
    * DEMAND FROM AUTOMOTIVE INDUSTRY IS NOT EXPECTED TO RECOVER
IN
MEDIUM TERM
    * MIKRON TOOL DIVISION AND MIKRON AUTOMATION SEGMENT ARE NOT
AFFECTED BY THIS MEASURE.
    * MANAGEMENT IS CURRENTLY WORKING ON ASSUMPTION THAT UP TO
110
JOBS ARE AFFECTED BY THIS MEASURE
    * A SOLUTION THAT IS AS SOCIALLY COMPATIBLE AS POSSIBLE IS
BEING
SOUGHT IN COOPERATION WITH SOCIAL PARTNERS

Source text for Eikon:  ID:nTENohb7ia 
Further company coverage:  MIKN.S 

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