GN Store Nord to cut costs, up to 250 jobs

STOCKHOLM, June 17 (Reuters) - Danish hearing aid and headset maker GN Store Nord (GN.CO) on Tuesday said it would launch a savings programme expected to result in yearly savings of 150 million crowns ($31.2 million).

The company said in a statment it was taking action driven by tougher market conditions in its headset business.

The plan will result in cuts of up to 250 jobs and will cost 200 million crowns, including 75 million already announced.

(Reporting by Kim McLaughlin)