Brief: Staramba Decides On Reorganization Of Business Activities And Job Cuts

NEXR Technologies SE

15/05/2019 12:18

May 15 (Reuters) - STARAMBA SE  AT8.DE :
    * BOARD OF DIRECTORS DECIDES ON REORGANIZATION OF BUSINESS
ACTIVITIES, WHICH INVOLVES JOB CUTS
    * REORIENTATION OF BUSINESS ACTIVITIES WILL BE ACCOMPANIED
BY A
REDUCTION OF APPROX. 40% OF PERSONNEL
    * REORGANIZATION IN ORDER TO DEVELOP PROFITABLE BUSINESS
SEGMENTS
IN SHORT TO MEDIUM TERM
    * BUSINESS MODEL TO BE CONCENTRATED WITH IMMEDIATE EFFECT ON
TWO
BUSINESS AREAS

Source text for Eikon:  ID:nEQc3WBQ4a 
Further company coverage:  AT8.DE 

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