Brief: Velan Inc Announces Next Steps In Its Velocity 2020 Transformation Plan

Velan

10/01/2019 22:04

Jan 10 (Reuters) - Velan Inc  VLN.TO :
    * VELAN INC. ANNOUNCES NEXT STEPS IN ITS VELOCITY 2020
TRANSFORMATION PLAN
    * VELAN INC - CURRENT PRODUCTION WILL BE INTEGRATED INTO
CO'S
OTHER VALVE FACILITIES IN QUEBEC AND INDIA
    * VELAN INC - WILL WORK WITH UNION TO MINIMIZE IMPACT OF
INTEGRATION ON EMPLOYEES
    * VELAN INC - EMPLOYEES NOT IMPACTED BY LAYOFFS WILL BE
PROVIDED
WITH SEVERANCE AND OUTPLACEMENT SUPPORT
    * VELAN INC - WILL CONSOLIDATE ITS VALVE MANUFACTURING
FACILITIES
IN QUEBEC FROM 3 PLANTS INTO 2

Source text for Eikon:  ID:nGNXb1XmjS 
Further company coverage:  VLN.TO 

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