April 24, 2020 / 10:20 AM / a month ago

BRIEF-Famur Resolves To Liquidate Co's Division In Rybnik

April 24 (Reuters) - Famur SA:

* RESOLVES TO LIQUIDATE CO’S DIVISION IN RYBNIK

* DECISION IS DUE TO COVID-19 PANDEMIC AND CLOSING DOWN DIVISION IN RYBNIK WILL ALLOW TO REDUCE ITS NEGATIVE EFFECTS FOR CO

* CO ESTIMATES ITS AVERAGE MONTHLY SALES OF CONVEYORS IN 2020 WILL DECREASE TO ABOUT 8 MILLION ZLOTYS FROM ABOUT 30 MILLION ZLOTYS IN 2019

* LIQUIDATION OF DIVISION CREATES NEED FOR GROUP LAYOFFS, WHICH WILL INCLUDE 204 EMPLOYEES Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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