Group Restructuring
July 29 2003 - 10:40AM
UK Regulatory
RNS Number:0891O
Carbo PLC
29 July 2003
FOR IMMEDIATE RELEASE 29 July 2003
Carbo PLC
("Carbo" or "the Company")
GROUP RESTRUCTURING
The board of Carbo announces that following a further restructuring and review
of business operations in the UK and Germany, the Company has regrettably
concluded that an additional rationalisation of the workforce is required. 75
employees are to be released in the German operations with a further 16 in the
UK.
The rationalisation of the workforce will improve productivity, reduce fixed
costs and enhance the future profitability of the Group. The Board estimates
that redundancy costs of approximately #1m will be paid.
For further information contact:
Lars Nyqvist (Chief Executive) Tel: 0161 872 8291
Stuart Dootson (Finance Director) Tel: 0161 872 8291
This information is provided by RNS
The company news service from the London Stock Exchange
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