Brief: Suominen Ends Consultations On Plant Shutdown In Mozzate, Italy

Suominen Oyj

14/04/2023 14:33

April 14 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-SUOMINEN HAS COMPLETED THE CONSULTATION PROCEDURE
CONCERNING
ITS PLAN TO PERMANENTLY CLOSE MANUFACTURING AT ITS MOZZATE PLANT
IN ITALY
    * WILL MOVE FORWARD WITH PLAN WHICH WILL LEAD TO CLOSURE OF
MANUFACTURING, TERMINATION OF EMPLOYMENT OF 54 EMPLOYEES IN
MOZZATE
    * TERMINATIONS WILL INCUR AN ABOUT EUR 2.3 MILLION ONE-OFF
EXPENSE
THAT WILL BE RECOGNIZED IN Q2 OF 2023

Source text for Eikon:  ID:nGNE4VSq8 
Further company coverage:  SUY1V.HE 

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