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BRIEF-Rieter Holding: agreement with Works Council at Ingolstadt location
September 29, 2017 / 4:53 AM / 23 days ago

BRIEF-Rieter Holding: agreement with Works Council at Ingolstadt location

Sept 29 (Reuters) - RIETER HOLDING AG:

* HAS AGREED WITH WORKS COUNCIL AT INGOLSTADT LOCATION ON PACKAGE OF MEASURES FOR EMPLOYEES AFFECTED BY PLANNED REDUCTION IN WORKFORCE‍​

* RELOCATION OF PRODUCTION TO USTI (CZECH REPUBLIC)

* ESTABLISHMENT OF A TRANSFER COMPANY

* EXPECTED COST REDUCTIONS OF OVER CHF 15 MILLION FROM 2019

* FOR 2017, RIETER ANTICIPATES A NEGATIVE IMPACT ON EARNINGS OF CHF 36 MILLION Source text - bit.ly/2hAdDIH Further company coverage: (Gdynia Newsroom)

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