Brief: Ten Square Games Sees About 5.3 Mln Zloty Provision For Redundancies To Hit Q2 Results

Ten Square Games

21/04/2023 08:12

April 21 (Reuters) - Ten Square Games SA  TENP.WA :
    * COMPLETES CONSULTATION PROCEDURE ON REDUNDANCIES
    * REDUCTION OF EMPLOYMENT TO BE CONDUCTED UNTIL END-APRIL
    * REDUCTION OF EMPLOYMENT WILL AFFECT 110 PEOPLE
    * ESTIMATED PROVISION FOR REDUNDANCIES THAT WILL HIT GROUP'S
Q2
RESULTS WILL AMOUNT TO ABOUT 5.3 MILLION ZLOTYS
    * COMPANY TO PROVIDE FINAL AMOUNT OF COSTS AND SAVINGS DUE
TO
REDUCTION OF EMPLOYMENT IN H1 FINANCIAL STATEMENT
    * SEES FULLY NORMALIZED EFFECT OF SAID REDUCTION TO BE
VISIBLE IN
CO'S RESULTS FROM AUG 2023
    * DIFFERENCE IN COSTS FROM REDUCTION OF EMPLOYMENT WILL
AMOUNT TO
1.8 MILLION ZLOTYS PER MONTH

Source text for Eikon:  ID:nEM84BDlya 
Further company coverage:  TENP.WA 

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