Brief: Tagmaster Launches A Cost Savings Program

TagMaster AB

24/03/2020 12:04

March 24 (Reuters) - TagMaster AB  TAGMb.ST :
    * LAUNCHES A COST SAVINGS PROGRAM AT ITS OPERATIONS IN
SWEDEN,
UNITED KINGDOM, FRANCE AND UNITED STATES
    * COST SAVINGS PROGRAM ARE TO COUNTER SUPPLY AND DEMAND
CHANGES
CAUSED BY GLOBAL CORONA PANDEMIC
    * PROGRAM INCLUDES SHORT-TERM PERMITS, SHORT-TERM WEEKS,
CHANGED
PURCHASING ROUTINES AND GENERAL COST SAVINGS
    * HAD PROBLEMS KEEPING PRODUCTION OF SENSORS AT FULL SPEED
DUE TO
LACK OF INPUT GOODS FROM CHINA
    * IN PAST TWO WEEKS, WE HAVE ALSO BEGUN TO FACE A REDUCED
DEMAND
AS OUR MARKETS CLOSE DOWN

Source text for Eikon:  ID:nWkrBDymz 
Further company coverage:  TAGMb.ST 

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