Brief: STS Group Decides Job Cuts For Cost Reduction

STS AG

20/05/2020 13:32

May 20 (Reuters) - STS GROUP AG  SF3.DE :
    * DECIDES JOB CUTS FOR COST REDUCTION DUE TO
COVID-19-RELATED
DECLINE IN SALES
    * RESULTING NEGATIVE ONE-OFF EFFECTS WILL BE REFLECTED IN
RESULT
FOR CURRENT FISCAL YEAR
    * AS PART OF THESE CHANGES, OPERATIONAL FUNCTIONS OF STS
GROUP AG
WILL BE TRANSFERRED TO SUBORDINATE OPERATIONAL UNITS OR EXTERNAL
PARTIES

Source text for Eikon:  ID:nEQ3ZNcr5a 
Further company coverage:  SF3.DE 

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