Brief: Schumag Announces Staff Reduction

SchumAG AG

24/05/2019 12:24

May 24 (Reuters) - SCHUMAG AG  SCMG.F :
    * ANNOUNCES STAFF REDUCTION
    * SHORT-TERM SIGNIFICANT REDUCTION OF HEADCOUNT BY A TOTAL
OF
APPROX. 36 EMPLOYEES
    * STAFF REDUCTION DUE TO DECLINING CONTRACT VOLUME FROM
AUTOMOTIVE
CUSTOMERS SEGMENT DUE TO ECONOMIC SITUATION
    * TO ADAPT PRODUCTION CAPACITIES TO THE PLANNED SHORT AND
MEDIUM
TERM BUSINESS VOLUME
    * STILL EXPECTS EBIT IN THE RANGE OF EUR -2.7 MILLION TO EUR
-3.4
MILLION

Source text for Eikon:  ID:nPexfpbhPa 
Further company coverage:  SCMG.F 

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