Collective Dismissal Restructuring: Return to Ebitda Equilibrium by 2024 – Cost Savings of €18 Million

2023-06-15 17:04:21

A collective dismissal procedure has been initiated, she said in a press release published Thursday after the stock market. The quotation of the company had been suspended in the afternoon.

This restructuring should allow the company to return to Ebitda (earnings before interest, taxes, depreciation and amortization) in equilibrium by the end of 2024 and achieve annual cost savings of 18 million euros.

“This reorganization is the first necessary step in creating a clear path to financial independence,” commented CEO Roger Moody.

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