Brief: Projektengagemang Takes Efficiency Measures Regarding Staff Reductions

Projektengagemang Sweden AB

20/12/2019 06:41

Dec 20 (Reuters) - Projektengagemang Sweden AB  PENGb.ST :
    * PROJEKTENGAGEMANG TAKES EFFICIENCY MEASURES TO INCREASE
PROFITABILITY
    * ONE-TIME COST OF IMPLEMENTING SAVINGS PROGRAM AMOUNTS TO
SEK 25
MILLION AND WILL AFFECTS Q4
    * ALL EFFICIENCY MEASURES REGARDING STAFF REDUCTIONS AND
COST
SAVINGS IN 2019 WILL IN TOTAL REDUCE COST BASE BY APPROXIMATELY
SEK 70 MILLION DURING FULL YEAR 2020 COMPARED WITH 2019
    * A SLIGHTLY WEAKER MARKET COMBINED WITH COSTS FOR
IMPLEMENTED
ACTIVITIES HAS AFFECTED COMPANY'S PROFITABILITY IN 2019

Source text for Eikon:  ID:nWkr6yMJ9c 
Further company coverage:  PENGb.ST 

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