Brief: Serneke Group Introduces Cost Reductions

SERNEKE AB (publ)

09/11/2022 14:06

Nov 9 (Reuters) - SERNEKE Group AB (publ)  SRNKEb.ST :
    * IN RESPONSE TO THE SLOWDOWN IN CONSTRUCTION AND PROPERTY
INDUSTRY, SERNEKE IS NOW TAKING NEXT STEP IN AN ONGOING
EFFICIENCY PROGRAM
    * MEASURES ARE EXPECTED TO REDUCE COSTS BY ABOUT SEK 120
MILLION,
AFFECT UP TO 100 POSITIONS
    * COST REDUCTIONS ARE ESTIMATED TO FREE UP ABOUT SEK 120
MILLION
IN TOTAL  WITH FULL IMPACT IN Q3 OF 2023

Source text for Eikon:  ID:nWkr23lsT1 
Further company coverage:  SRNKEb.ST 
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