June 10, 2019 / 12:44 PM / 5 days ago

BRIEF-Zaklady Miesne Henryk Kania Announces Preliminary Restructuring Plan

June 10 (Reuters) - Zaklady Miesne Henryk Kania SA :

* ANNOUNCED ON SATURDAY PRELIMINARY RESTRUCTURING PLAN OF THE COMPANY

* SAID IT PLANS TO STRENGTHEN PRICE AND PRODUCT MARGIN CONTROL, GAIN WORKING CAPITAL TO FINANCE RAW MATERIAL SUPPLIES, PROCESSING AND LIABILITIES

* IT ALSO PLANS TO BUILD NEW FINANCIAL MODEL AND OPTIMISE EMPLOYMENT TO MATCH ITS LEVEL WITH CHANGES IN PRODUCTION VOLUMES

* THE COST OF IMPLEMENTING RESTRUCTURING MEANS IS ESTIMATED AT NO MORE THAN 1% OF THE PLANNED COSTS OF OPERATIONAL ACTIVITY

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Further company coverage: (Gdynia Newsroom)

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