Brief: Trade Window Holdings Commences Consultation Internally On Proposal To Reduce 25-35 Roles

Trade Window Holdings

14/03/2023 20:06

March 15 (Reuters) - Trade Window Holdings Ltd  TWL.NZ :
    * ANNOUNCES COST REDUCTIONS
    * COMMENCED CONSULTATION INTERNALLY ON A PROPOSAL TO REDUCE
25 TO
35 ROLES (UP TO ONE-THIRD OF TOTAL ROLES)
    * REMAINS IN DISCUSSIONS WITH POTENTIAL STRATEGIC INVESTORS
AND IS
ALSO EXPLORING ALTERNATIVE FUNDING SOURCES
    * POTENTIAL CHANGES PREDOMINANTLY RELATE TO R+D ROLES
    * CONFIRMS NO EXPOSURE TO SILICON VALLEY BANK OR ANY OTHER
U.S.
FINANCIAL INSTITUTION


Further company coverage:  TWL.NZ 

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