March 23, 2020 / 7:23 AM / in 6 days

BRIEF-XXL To Conduct Temporary Layoffs

March 23 (Reuters) - XXL ASA:

* XXL - TEMPORARY LAYOFFS

* TO GIVE NOTICE OF TEMPORARY LAYOFFS TO AROUND 1,000 STORE EMPLOYEES IN NORWAY,

* ON CORONAVIRUS: COMPANY WILL CONTINUE TO CONSIDER AND IMPLEMENT ADDITIONAL COST REDUCTION MEASURES ACROSS GROUP.

* START CO-OPERATION NEGOTIATIONS IN FINLAND CONCERNING NEED FOR TEMPORARILY LAYOFFS.

* WILL CONTINUE TO CONSIDER AND IMPLEMENT ADDITIONAL COST REDUCTION MEASURES ACROSS GROUP. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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