BRIEF-Transcom exits Colombia, reviews remaining Latin American business and streamlines management structure

lunes 18 de enero de 2016 10:17 GYT
 

Jan 18 (Reuters) - Transcom Worldwide AB :

* Exits Colombia, reviews remaining Latin American business and streamlines management structure

* Restructuring cost in Q4 2015: 2.2 million euros ($2.40 million), of which 1.4 million euros is non-cash

* Regional and management structure will be changed

* Expected annual direct cost savings: 2.9 million euros

* Restructuring cost in Q1 2016 estimated at 2.7 million euros

* Says losses in Colombia amounted to 1.6 million euros in first nine months of 2015

* Non-recurring 2.2 million euros restructuring cost related to closure of Cali site in Colombia will be recorded in Q4 2015 Source text for Eikon:

Further company coverage: ($1 = 0.9176 euros) (Gdynia Newsroom)