Brief: Thunderful Restructuring Program Is Expected To Affect About 20% Of Workforce

Thunderful AB

17/01/2024 07:37

Jan 17 (Reuters) - Thunderful Group AB  THUNDR.ST :
    * THUNDERFUL GROUP TO RESTRUCTURE OPERATIONS FOR
STRENGTHENED
LONG-TERM COMPETITIVENESS
    * ACTIONS WILL INCLUDE BOTH SIGNIFICANT STAFF REDUCTIONS AND
EVALUATION OF DIVESTMENT OF NON-STRATEGIC ASSETS
    * ACTION WILL RESULT IN ANNUAL COST REDUCTIONS OF 90-110
MSEK AND
IMPROVED CASH FLOW
    * GROUP EXPECTS FULL IMPACT OF THESE SAVINGS TO TAKE EFFECT
IN
SECOND HALF OF 2024
    * RESTRUCTURING PROGRAM, IS EXPECTED TO AFFECT APPROXIMATELY
20
PER CENT OF WORKFORCE
    * RESTRUCTURING PROGRAM, IS ESTIMATED TO INCUR ONE-OFF
EXPENSES OF
30-40 MSEK IN H1
    * IS ALSO EVALUATING DIVESTMENT OF NON-STRATEGIC ASSETS

Source text for Eikon:  ID:nMFN21zBMq 
Further company coverage:  THUNDR.ST 

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