June 24, 2020 / 5:07 AM / 10 days ago

BRIEF-Dufry To Implement A Global Restructuring Program

June 24 (Reuters) - DUFRY AG:

* TO IMPLEMENT A GLOBAL RESTRUCTURING PROGRAM

* PROGRAM AIMS AT REDUCING PERSONNEL EXPENSES BY 20% TO 35% REFLECTING THE DIFFERENT SCENARIOS OF POTENTIAL SALES DECLINES BETWEEN 40% TO 70%

* REDUCTION IN PERSONNEL EXPENSES INCLUDES EARLY RETIREMENTS, HOLD-BACKS OF SEASONAL STAFF EMPLOYMENT, CONTRIBUTIONS FROM GOVERNMENT SUPPORT SCHEMES AS WELL AS THE REDUCTION OF POSITIONS ACROSS ALL ORGANIZATIONAL LEVELS AND GEOGRAPHIES

* COMPANY PLANS TO IMPLEMENT THESE MEASURES BETWEEN JUNE AND OCTOBER 2020 Source text - bit.ly/2Z4FR0o Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below