Brief: Wastbygg To Cut About 70 Jobs

Wastbygg Gruppen AB (publ)

04/05/2023 07:18

May 4 (Reuters) - Wastbygg Gruppen AB (publ)  WBGRb.ST :
    * WÄSTBYGG GRUPPEN AB (PUBL) IMPLEMENTS MEASURES TO RESTORE
PROFITABILITY
    * PLANS TO IMPLEMENT STAFF REDUCTIONS, AFFECTING APPROX. 70
EMPLOYEES
    * INWITA FASTIGHETER, GROUP'S COMPANY FOR MANAGEMENT AND
OWNERSHIP
OF SELF-DEVELOPED COMMUNITY PROPERTIES, IS INTENDED TO BE
LIQUIDATED.
    * IN ORDER TO BE ABLE TO RESTORE PROFITABILITY AT LEVELS
THAT
WÄSTBYGG GROUP HAS HISTORICALLY DELIVERED, ASSESSMENT HAS BEEN
MADE THAT COST MASS FOR GROUP MUST BE REDUCED
    * NOTICE IS GIVEN IMMEDIATELY, AND STAFF REDUCTIONS WILL BE
SUBJECT TO CUSTOMARY UNION NEGOTIATIONS
    * COSTS RELATED TO RESTRUCTURING WILL BE CHARGED TO Q2 OF
2023.

Source text for Eikon:  ID:nMFNbNmm76 
Further company coverage:  WBGRb.ST 

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