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Adval Tech Gruppe Freiburgstr. 556 3172 Niederwangen, Switzerland http://www.advaltech.com
Contact Jean-Claude Philipona +41 31 980 82 75
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Adval Tech Gruppe

Adval Tech defines restructuring steps at AWM Muri and foresees lower sales and operating earnings for 2008

(PresseBox) (Niederwangen, )
Following the completion of the consultation phase, Adval Tech Holding Ltd has defined more specifically the restructuring steps for its subsidiary AWM Mold Tech Ltd in Muri, which were announced at the end of October. The company sees no alternative to reducing the workforce by 53 and issuing thereof 32 redundancy notices. As regards its annual results, the Adval Tech Group currently expects total income and profits to be lower than was foreseen at the end of August, when the semi-annual results were published.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.