May 4, 2020 / 9:56 AM / 21 days ago

BRIEF-InCoax Networks Gets Tillväxtverket's Approval Of Grants

May 4 (Reuters) - InCoax Networks AB:

* INCOAX NETWORKS AB HAS RECEIVED TILLVÄXTVERKET’S APPROVAL OF GRANTS FOR SO CALLED “SHORT-TERM WORK”, WHICH NOW HAVE BEEN IMPLEMENTED

* INDIVIDUAL AGREEMENTS HAVE BEEN MADE WITH APPROXIMATELY 75% OF EMPLOYEES WORKING TWO DAYS A WEEK UP TO 2020-08-05.

* IS ALSO CONTINUING ITS WORK TO IDENTIFY ADDITIONAL COST SAVINGS IN ITS OPERATIONS, Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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