BRIEF-PKC Group says adjustment measure to affect 550 jobs in Curitiba, Brazil

miércoles 24 de junio de 2015 02:39 GYT
 

June 24 (Reuters) - PKC Group Oyj :

* Adjusts production capacity in South America

* Decided to consolidate all its production capacity in Brazil to Campo Alegre factory

* Production capacity adjustment will improve PKC Group's profitability in Brazil and has no impact on PKC Group's outlook for 2015

* Says adjustment measure will affect 550 jobs in Curitiba and is estimated to be completed by end of Q2 of 2016

* Says related non-recurring expenses are estimated to amount to about 5 million euros ($5.60 million) of which about 1 million euros is non-cash

* Says non-recurring expenses will be recorded into Q2 2015 interim report

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Further company coverage: ($1 = 0.8935 euros) (Gdynia Newsroom)