Demand from some customer segments has decreased as an effect of the coronavirus and HANZA has therefore decided to initiate an action program which will affect up to 90 people out of the Group's total of approximately 1,800 employees.
HANZA has two electronics factories in its manufacturing cluster in
In HANZA's manufacturing cluster in
The action program may result in the sale of some redundant machinery. Stock provisions and adjustments of asset values may be needed. Expenses for redundancies and adjusted values in the balance sheet are estimated to amount to a maximum of
"This is an extremely unfortunate development that we have not been able to influence", says
For further information please contact:
Lars Åkerblom, CFO, Tel: +46-707 94 98 78, e-mail: lars.akerblom@hanza.com
The information in this press release is such that HANZA must disclose it in accordance with the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at
Important information This press release may contain certain forward-looking statements that reflect HANZA's current views of future events and financial and operational performance. Words such as "intends", "anticipates", "expects", "may", "plan ", "anticipate" or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.
About HANZA:
HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through production facilities with various manufacturing technologies grouped into local clusters as well as advisory services, we create shorter lead times, more environmentally friendly processes and increased profitability for our customers. This means we are contributing to a better and more sustainable future. The company was founded in 2008 and today has sales exceeding
HANZA is listed on Nasdaq Stockholm's main list.
For more information please go to: www.hanza.com
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