Brief: Zedge To Consolidate Bulk Of Its Operations In 3 Centers - New York, Trondheim And Vilnius

Zedge

15/05/2019 12:08

May 15 (Reuters) - Zedge Inc  ZDGE.A :
    * ZEDGE INC - ZEDGE WILL CONSOLIDATE BULK OF ITS OPERATIONS
IN
THREE MAJOR CENTERS - NEW YORK, TRONDHEIM AND VILNIUS.
    * ZEDGE INC - REDUCTION IN HEADCOUNT THROUGH A COMBINATION
OF
LAYOFFS AND ORGANIC ATTRITION OF APPROXIMATELY 12 EMPLOYEES OR
20% OF WORKFORCE
    * ZEDGE INC - DO NOT EXPECT TO INCUR MATERIAL ONE-TIME COSTS
WITH
DOWNSIZING.
    * ZEDGE INC - UNDERTAKES WORKFORCE RESTRUCTURING

Source text: (http://bit.ly/2vXS9tf)
Further company coverage:  ZDGE.A 

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