Brief: Suominen To Initiate Restructuring Program Including Changes In Executive Management Team

Suominen Oyj

31/05/2024 08:31

May 31 (Reuters) - Suominen Oyj  SUY1V.HE :
    * TO INITIATE RESTRUCTURING PROGRAM INCLUDING CHANGES IN
EXECUTIVE
MANAGEMENT TEAM
    * RESTRUCTURING PROGRAM IS EXPECTED TO RESULT IN TERMINATION
OF UP
TO 10 POSITIONS IN HEADQUARTERS AND GLOBAL SUPPORT FUNCTIONS
    * PROGRAM IS EXPECTED TO GENERATE ANNUALIZED SAVINGS OF EUR
1,5
MILLION WITH A ONE-TIME COST OF EUR 2 MILLION AND THE PROGRAM IS
EXPECTED TO BE CLOSED BEFORE THE END OF SEPTEMBER 2024

Source text for Eikon:  ID: 
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