Brief: Totens Sparebank's restructuring to incur one-time charge of NOK 11 mln in Q4

Totens Sparebank

07/11/2016 07:46

Nov 7 (Reuters) - Totens Sparebank  TOTG.OL : 
    * Overall restructuring to incur one-time charge of 11 million Norwegian crowns ($1.3 
million)which will be expensed in Q4 2016 
    * Reduction of workforce to reduce labor costs by 8 million crowns, full effect to be seen 
in 2018 
 
     
Source text for Eikon:  ID:nObifgYMMa  
Further company coverage:  TOTG.OL  
 
($1 = 8.1929 Norwegian crowns) 
 
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