Huis Clos SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Huis Clos SA Announces Details of Restructuring Plan
Huis Clos SA announced that it has been implementing a restructuring plan with the aim of saving over EUR 5 million per year. The plan involves a 10% reduction in staff levels, the closure of sales offices which are judged not to be sufficiently productive (12 have been closed during the third quarter of fiscal year 2012), the concentration of technical and administrative regional bases (four bases have been closed in fiscal year 2012) and the reduction of the publicity budget.
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