Brief: Schaffner Announces Restructuring, Cuts 17 Full-Time Jobs

Schaffner Holding AG

02/07/2020 06:25

July 2 (Reuters) - SCHAFFNER HOLDING AG  SAHN.S :
    * REPOSITIONING ITS POWER QUALITY OFFERING, WHICH INCLUDES
FILTERS
FOR RELIABLE FUNCTIONING OF ELECTRONIC DEVICES AND SYSTEMS AND
ASSOCIATED SERVICES, AS OF OCTOBER 1, 2020
    * FOCUS WILL BE ON STRONG CUSTOMER RELATIONSHIPS AND
LONG-TERM,
RECURRING ORDERS
    * FOCUSING WILL REDUCE EMC DIVISION'S SALES FOR 2020/21
FINANCIAL
YEAR IN MID SINGLE-DIGIT MILLION RANGE BUT WILL FURTHER IMPROVE
DIVISION'S PROFITABILITY
    * REDUCTION OF 17 FULL-TIME POSITIONS, FOUR OF WHICH WILL BE
IN
SWITZERLAND.

Source text for Eikon:  ID:nTENosmh6a 
Further company coverage:  SAHN.S 

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