Brief: Systemair To Discontinue Operations At Production Facility In Netherlands
BRIEF-Systemair To Discontinue Operations At Production Facility In Netherlands Sept 29 (Reuters) - Systemair AB SYSR.ST:
SYSTEMAIR PLANS TO DISCONTINUE OPERATIONS AT ITS PRODUCTION FACILITY IN THE NETHERLANDS
APPROXIMATELY 70 EMPLOYEES AT PRODUCTION FACILITY ARE AFFECTED
SUBJECT TO OUTCOME OF CONSULTATION PROCESS, PHASE-OUT IS EXPECTED TO BE COMPLETED AT BEGINNING OF 2027.
RESTRUCTURING WILL RESULT IN AN ESTIMATED ONE-TIME CHARGE OF APPROXIMATELY 115 MSEK
SUBJECT TO OUTCOME OF CONSULTATION PROCESS, PHASE-OUT IS EXPECTED TO BE COMPLETED AT BEGINNING OF 2027
A LATER DIVESTMENT OF REAL ESTATE IS ESTIMATED TO RESULT IN A CAPITAL GAIN OF APPROXIMATELY 40 MSEK.
RESTRUCTURING EXPECTED TO GENERATE ANNUAL COST SAVINGS OF 35 MSEK
Source text: ID:nWkrhq3Fb
Further company coverage: SYSR.ST
(Gdansk Newsroom)
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