Brief: Troax Group To Reduce Costs, Optimise Manufacturing Footprint
25/06/2025 14:03
June 25 (Reuters) - Troax Group AB (publ) TROAX.ST: TROAX GROUP TO REDUCE COSTS AND OPTIMIZE MANUFACTURING FOOTPRINT WE WILL HAVE APPROXIMATELY 100 EMPLOYEES AFFECTED DURING Q2 ADDITIONALLY 125 EMPLOYEES WILL BE AFFECTED INITIATIVE IS ESTIMATED TO GENERATE ANNUAL SAVINGS OF 10 MEUR MANUFACTURING IN POLAND WILL BE CLOSED AND RELEVANT PARTS OF MANUFACTURING WILL BE MOVED TO OTHER FACTORIES IN GROUP COSTS RELATED TO RESTRUCTURING ARE EXPECTED TO AMOUNT TO 6 MEUR Source text: ID:nWkr4gRkVl Further company coverage: TROAX.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))