Brief: Progress Werk Oberkirch In Talks On Cost Savings For Oberkirch Location
16/12/2019 17:30
Dec 16 (Reuters) - PROGRESS WERK OBERKIRCH AG PWOG.DE :
* CONTINUES TO WORK SYSTEMATICALLY ON COST SAVINGS AND
EFFICIENCY
IMPROVEMENTS, PARTICULARLY AT ITS OBERKIRCH LOCATION
* CURRENT FOCUS IS ON PERSONNEL EXPENSES
* MEMBERSHIP TO METAL AND ELECTRICAL INDUSTRIES EMPLOYERS'
ASSOCIATION IS NOW BEING RESUMED
* NEW COLLECTIVE AGREEMENTS ARE TO BE FOUND AND AGREED TO NO
LATER
THAN END OF Q1 OF 2020
* GOAL REMAINS TO ACHIEVE A SAVINGS VOLUME IN MID
SINGLE-DIGIT
MILLION RANGE AS EARLY AS 2020 FINANCIAL YEAR
* AGREEMENT IS TO BECOME FULLY EFFECTIVE IN FISCAL YEAR 2021
Source text for Eikon: ID:nEQ7QXk73a
Further company coverage: PWOG.DE
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