Brief: Nixu Reorganizes Business In Netherlands, Estimates Need For Write Down

Nixu Oyj

03/12/2019 09:37

Dec 3 (Reuters) - Nixu Oyj  NIXU.HE :
    * REORGANIZES BUSINESS IN NETHERLANDS, ESTIMATES NEED FOR
WRITE
DOWN
    * AS PART OF RESTRUCTURING, NIXU WILL RELOCATE ITS DEDICATED
SUPPORT BUSINESS UNIT IN AMSTERDAM TO ROMANIA
    * WILL DEVELOP A REDUNDANCY PLAN FOR DEDICATED SUPPORT
BUSINESS
UNIT EMPLOYEES WHO CANNOT MOVE TO ROMANIA
    * COSTS OF REORGANIZATION ESTIMATED AT UP TO EUR 0.5 MILLION
    * REORGANIZATION IS EXPECTED TO REDUCE ANNUAL OPERATING
EXPENSES
BY ABOUT EUR 500,000 FROM 2020 ONWARDS

Source text for Eikon:  ID:nWkr8R36xy 
Further company coverage:  NIXU.HE 

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