Brief: Mikron Reduces Capacity, Cuts Jobs At Agno Site

Mikron Holding AG

19/11/2019 06:58

Nov 19 (Reuters) - MIKRON HOLDING AG  MIKN.S :
    * REDUCES MACHINING CAPACITY AT AGNO SITE
    * EXPECTING SALES FOR 2019 FINANCIAL YEAR TO BE HIGHER THAN
IN
2018 WITH EBIT REMAINING AT SAME LEVEL AS IN 2018
    * AROUND 25 JOBS WILL BE CUT
    * OBLIGED TO REDUCE ITS HEADCOUNT AT MIKRON SA AGNO FROM
CURRENT
370
    * REACTING TO DECLINING DEMAND FOR MACHINES FROM AUTOMOTIVE
INDUSTRY IN PARTICULAR AND IS REDUCING CAPACITY IN MIKRON
MACHINING DIVISION AT AGNO SITE
    * TWO OTHER DIVISIONS - MIKRON TOOL AND MIKRON AUTOMATION -
ARE
ALSO NOT AFFECTED
    * MEASURE DOES NOT AFFECT INNOVATION PROJECTS AND MIKRON
MACHINING
DIVISION'S SERVICE BUSINESS

Source text for Eikon:  ID:nTENg6fspa 
Further company coverage:  MIKN.S 

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