Brief: Recreate Introduces Cost Reducing Measures

Recreate ASA

21/11/2022 14:27

Nov 21 (Reuters) - Recreate ASA  RCR.OL :
    * RECREATE ASA INTRODUCES COST REDUCING MEASURES
    * HAS IDENTIFIED INITIATIVES WHICH WILL CONTRIBUTE TO A
REDUCTION
IN PERSONNEL COSTS IN RANGE OF 50 PER CENT COMPARED WITH CURRENT
LEVEL
    * INITIATIVES INCLUDE SALARY REDUCTIONS, TEMPORARY LAYOFFS
AND
STAFF REDUCTIONS
    * PLANNED COST IMPROVEMENTS ARE EXPECTED TO HAVE FULL IMPACT
AS
FROM 1 MARCH 2023
    * ALSO CONSIDERS POTENTIAL SHARE ISSUE TO BE LAUNCHED IN
COMING
WEEKS, TO RISE CAPITAL FOR RUNNING OPERATIONAL COMMITMENTS,
STRENGTHEN LIQUIDITY

Source text for Eikon:  ID:nObigFVJHa 
Further company coverage:  RCR.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))