Brief: Progress-Werk Oberkirch To Cut 150-200 Jobs

PWO AG

06/10/2020 14:02

Oct 6 (Reuters) - PROGRESS WERK OBERKIRCH AG  PWOG.DE :
    * EXPANDS COST-CUTTING PROGRAM AT OBERKIRCH SITE TO INCLUDE
PERSONNEL MEASURES
    * SAVINGS OF AROUND EUR 12 MILLION ARE TARGETED STARTING IN
FISCAL
YEAR 2021
    * PROGRAM IS ESTIMATED TO REQUIRE PERSONNEL EXPENSES OF EUR
10
MILLION IN CURRENT FISCAL YEAR
    * STRUCTURAL CHANGES IN AUTOMOTIVE INDUSTRY AND CORONA
CRISIS
REQUIRE A REDUCTION OF 150 TO 200 EMPLOYEES

Source text for Eikon:  ID:nEQ7017lda 
Further company coverage:  PWOG.DE 

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