DGAP-News: Swedish Electromagnet Invest AB (Publ) : SEM has given notice to 14 employees
DGAP-News: Swedish Electromagnet Invest AB (Publ)
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Swedish Electromagnet Invest AB (Publ) : SEM has given notice to 14 employees
14.11.2019 / 11:25
The issuer is solely responsible for the content of this announcement.
Press release
Åmål November 14, 2019
SEM has given notice to 14 employees due to significant reductions in larger customers' ordering prognoses for end of the year 2019 and the entire year 2020
SEM AB ("SEM") has today and after having informed concerned unions given notice concerning 14 collective bargaining agreement employees of the workforce at SEM's manufacturing unit in Åmål, at which location SEM's head office is also located. SEM has initiated negotiations with the union IF Metall regarding the notice. The reason for the notice is redundancy due to that SEM's larger customers within the segment commercial vehicles have significantly reduced their ordering prognoses to SEM for end of the year 2019 and the entire year 2020.
Despite the notice, SEM is actively seeking new white-collar employees since SEM's customer project business is larger than it has ever been. Focus for this work is the development of future product platforms and this development work continues with an unreduced strength.
For more information, please contact:
Tom Gustavsson, CEO
+46 532 611 05
tom.gustavsson@sem.se
About this information
This information is inside information that Swedish Electromagnet Invest AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11.25 pm CET on November 14, 2019.
http://www.rns-pdf.londonstockexchange.com/rns/4216T_1-2019-11-14.pdf
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Swedish Electromagnet Invest AB (Publ)
Box 30 Amal
66200 Vastra Gotaland
Sweden
Phone:
+46 532 611 00
Internet:
https://sem.se
ISIN:
SE0011167600
Listed:
Regulated Unofficial Market in Frankfurt; Stockholm
EQS News ID:
912901
End of News
DGAP News Service
912901 14.11.2019