Brief: Yellow Pages Announces Actions To Reduce Spending And Cost Structure
16/01/2018 12:15
Jan 16 (Reuters) - Yellow Pages Ltd Y.TO :
* YELLOW PAGES LIMITED ANNOUNCES ACTIONS TO REDUCE SPENDING
AND
COST STRUCTURE
* YELLOW PAGES LTD - WILL TAKE MEASURES TO REDUCE ITS
WORKFORCE BY
APPROXIMATELY 500 POSITIONS
* YELLOW PAGES - EXPECTS TO INCUR RESTRUCTURING CHARGE OF
ROUGHLY
$17 MILLION ASSOCIATED WITH RESTRUCTURING IN Q1 OF FISCAL 2018
* YELLOW PAGES LTD - WORKFORCE REDUCTION OF ABOUT 18% OF ITS
EMPLOYEES, WITH REDUCTIONS OCCURRING ACROSS CANADA AND IN ALL
FUNCTIONS OF BUSINESS
Source text for Eikon: ID:nCNWvJwDLa
Further company coverage: Y.TO
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