March 7, 2019 / 6:09 AM / 3 months ago

BRIEF-Sonova To Optimize Local Operations In Selected Markets

March 7 (Reuters) - SONOVA HOLDING AG:

* MEASURES ARE BEING IMPLEMENTED IN UK, GERMANY AND CANADA

* RESULT IN A COMBINED REDUCTION IN WORKFORCE IN THESE MARKETS BY ABOUT 250 EMPLOYEES

* MEASURES ARE EXPECTED TO RESULT IN RESTRUCTURING COSTS OF APPROXIMATELY CHF 11 MILLION IN FY 2018/19

* MEASURES ARE EXPECTED TO LEAD TO ANNUAL COST SAVINGS OF AROUND CHF 7 MILLION ONCE FULLY IMPLEMENTED Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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