Brief: OrganoClick Reorganises Its Organizational Structure

Organoclick AB

30/05/2018 09:47

May 30 (Reuters) - ORGANOCLICK AB  ORGC.ST :
    * ORGANOCLICK FINALISES THE INTEGRATIONEN OF BIOKLEEN,
REORGANISES
ITS ORGANIZATIONAL STRUCTURE, AND PROMOTE MIKAEL WICKSTRÖM TO
COO
    * ACTIONS ARE EXPECTED TO GENERATE COST SAVINGS IN FORM OF
LOWER
FIXED COSTS OF APPROXIMATELY SEK 5 MILLION FROM Q1 2019.
    * FULL EFFECT OF SEK 5 MILLION IN SAVINGS IS ESTIMATED TO BE
REACHED IN END OF Q4 2018
    * FIVE POSITIONS IN GROUP AND WAREHOUSE IN VAGGERYD ARE
PHASED OUT
THROUGH REORGANISATION.
    * BUSINESS UNITS WILL AFTER REORGANISATION CONSIST OF GREEN
COATINGS & MAINTENANCE PRODUCTS, BIOCOMPOSITES AND FUNCTIONAL
WOOD
    * FULL EFFECT OF SEK 5 MILLION IN SAVINGS IS ESTIMATED TO BE
REACHED IN END OF Q4 2018
    * IN TOTAL, FIVE POSITIONS IN GROUP AND WAREHOUSE IN
VAGGERYD ARE
PHASED OUT THROUGH REORGANISATION

Source text for Eikon:  ID:nWkr63Cm1v 
Further company coverage:  ORGC.ST 

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