Brief: Paragon ID (Ask) reorganises its manufacturing operations

Paragon Id SA

07/09/2017 17:10

Sept 7 (Reuters) - ASK SA  ASK.PA : 
    * PARAGON ID (ASK) REORGANISES ITS MANUFACTURING OPERATIONS 
AND STRENGTHENS ITS R AND D UNIT 
    * CONSOLIDATION OF MANUFACTURING FACILITIES IN FRANCE 
    * STRATEGIC REFOCUS OF THE SOPHIA ANTIPOLIS SITE ON RESEARCH 
AND DEVELOPMENT 
    * IN FRANCE, THE OPERATIONS TEAMS - WHO WERE DISPERSED AMONG 
SEVERAL SITES - WILL BE REGROUPED AT ARGENT SUR SAULDRE 
    * IN JUNE 2017, PARAGON ID1 (ASK) INITIATED ONGOING 
DISCUSSIONS WITH STAFF REPRESENTATIVES FOR THE IMPLEMENTATION OF 
A SOCIAL PLAN 
    * PLAN PROPOSES CLOSURE OF THE MOUANS-SARTOUX SITE, THIS 
CLOSURE WILL LEAD TO THE LOSS OF 29 MANUFACTURING POSITIONS. 
    * PLAN DOES NOT FORECAST ANY REDUNDANCIES: ALL THE EMPLOYEES 
CONCERNED ARE OFFERED ALTERNATIVE POSITIONS 
    * PHASED CESSATION OF THE PRODUCTION AT THE MOUANS-SARTOUX 
SITE WOULD BE FINALISED DURING THE FIRST QUARTER OF 2018 
    * REORGANISATION PLAN AIMS TO IMPROVE THE INDUSTRIAL 
COMPETITIVENESS OF THE GROUP AS A WHOLE BY AROUND 3 MILLION 
OVER THE FULL YEAR 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nACT50021 
Further company coverage:  ASK.PA  
 
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