Brief: Panostaja Investment Target Grano's Employer-Employee Negotiations End

Panostaja Oyj

02/11/2020 08:19

Nov 2 (Reuters) - Panostaja Oyj  PNA1V.HE :
    * REG-PANOSTAJA INVESTMENT TARGET GRANO’S EMPLOYER-EMPLOYEE
NEGOTIATIONS END
    * RESTRUCTURING OF OPERATIONS WILL MEAN TOTAL TERMINATION OF
AN
ESTIMATED 96 JOBS.
    * WILL CONSIDER LAYOFFS OF UP TO 90 DAYS DURING FINANCIAL
YEAR
2021.
    * AIM IS TO ACHIEVE ANNUAL COST SAVINGS OF APPROXIMATELY EUR
3.4
MILLION
    * TARGETED SAVINGS WILL TAKE FULL EFFECT ON AN ENTIRE
FINANCIAL
PERIOD'S PROFITABILITY LEVEL FOR FIRST TIME IN 2022 FINANCIAL
PERIOD.

Source text for Eikon:  ID:nGNE5Lzlgq 
Further company coverage:  PNA1V.HE 

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