Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Northland Resources SA announces organizational changes


Tuesday, 15 Jul 2014 12:30pm EDT 

Northland Resources SA:Says that the company and the relevant labor union have reached an understanding concerning employees with collective agreement.Says, as a part of the new strategy which the company announced on June 30, Northland performs organizational changes since the company's new strategy includes operations from only one processing line.Says the organizational changes are also necessary as a component of reaching reduced cost levels.Says negotiations with the labor union IF Metall have been constructive and have been based on Northland's new operating strategy and costs saving targets.Says these targets are met through an understanding which have been reached regarding the employees with collective agreement.Says Northland has minimized the impact on its own employees by decreasing the contracting of consultants and contractors.Says the result of the reached understanding will impact 29 of Northland's probationary employees, whose employment will be terminated.Says negotiations are ongoing with relevant labor unions regarding the administrative employees and the company will revert with information regarding the outcome of this.