Brief: Organoclick Says Large Part Of Organowood Organization To Be Discontinued
12/08/2026 07:23
BRIEF-Organoclick Says Large Part Of Organowood Organization To Be Discontinued Aug 12 (Reuters) - OrganoClick AB ORGC.ST:
PART-OWNED SUBSIDIARY ORGANOWOOD MAKES ORGANIZATIONAL CHANGES AHEAD OF A CHANGE IN BUSINESS MODEL
ACCELERATES SEARCH FOR LICENSE PARTNER FOR MODIFIED TIMBER
ORGANOWOOD TO DISCONTINUE ORGANIZATION, EXPECTS ANNUAL COST SAVINGS OF SEK 8 MILLION
BUSINESS MODEL CHANGE TO REDUCE REVENUES BUT IMPROVE PROFITABILITY AND SCALABILITY
Source text: ID:nMFN7GQV8V
Further company coverage: ORGC.ST
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