Brief: Swedish Stirling Resolves On Extended Cost-Saving Measures, Seeks Strategic Partner

Swedish Stirling AB

30/12/2022 08:48

Dec 30 (Reuters) - Swedish Stirling AB  STRLNG.ST :
    * SWEDISH STIRLING RESOLVES ON EXTENDED COST-SAVING MEASURES
AND
SEEKS STRATEGIC PARTNER
    * BOARD OF DIRECTORS HAS ALSO INSTRUCTED CEO TO ACTIVELY
SEEK
OPPORTUNITIES FOR STRATEGIC PARTNERSHIPS
    * RESOLUTION PRIMARILY INCLUDES REDUCTIONS AMONG PERSONNEL
WHO ARE
NOT CRITICAL TO BUSINESS
    * WILL FURTHER WIND DOWN SUBSIDIARIES IN SOUTH AFRICA IN
PARALLEL
WITH VARIOUS OTHER COST SAVINGS
    * RESOLUTION PRIMARILY INCLUDES TO RENEGOTIATE,
ALTERNATIVELY
TERMINATE, RENTAL AGREEMENTS
    * WILL ALSO INVESTIGATE POSSIBILITIES TO FIND A STRATEGIC
PARTNER

Source text for Eikon:  ID:nWkr5c9ZFY 
Further company coverage:  STRLNG.ST 
 (Gdansk Newsroom)
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