Norway : First phase of cost reduction program to be carried out.
The first phase of the program will be carried out in the second quarter of 2014, and will affect 160 full-time equivalent positions. EVRY will recognise a provision of NOK 40 million in its accounts for the second quarter of 2014 in relation to the first phase. It is expected that the full effect on earnings of this phase of the cost-reduction measures will first be seen in the third quarter of 2014.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
2014 Al Bawaba (Albawaba.com) Provided by Syndigate.info , an Albawaba.com company
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|Date:||Apr 5, 2014|
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