Brief: Nordic Flanges Group Announces Extensive Restructuring

Nordic Flanges AB (publ)

23/11/2023 09:09

Nov 23 (Reuters) - Nordic Flanges Group AB (publ)
 NFGAB.ST :
    * ANNOUNCES EXTENSIVE RESTRUCTURING IN NORDIC FLANGES AB,
ÖRNSKÖLDSVIK, SWEDEN
    * RESTRUCTURING IS EXPECTED TO SAVE SEK 11-13 MILLION
ANNUALLY
    * TO UNDERGO AN EXTENSIVE RESTRUCTURING DURING DEC 2023 TO
ADAPT
THE COMPANY'S COST POSITION TO THE CURRENT MARKET AND ECONOMY
    * RESTRUCTURING INVOLVES BOTH STAFF REDUCTIONS AND
ADAPTATION OF
PREMISES

Source text for Eikon:  ID:nWkr5tVfjf 
Further company coverage:  NFGAB.ST 

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