Loewe AG / Key word(s): Restructure of Company
16.09.2013 15:32
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Kronach, September 16, 2013. - Loewe has almost completed its program of
restructuring measures as part of the ongoing protective proceedings.
Besides entering into a partnership with Chinese company Hisense, it has
taken the final steps required to adapt its cost structure. Consequently,
the Executive Board has decided that approximately 150 employees from
across the company will be made redundant with effect from October 1, 2013.
Completion of the restructuring measures, plus the partnership with
Hisense, paves the way for the arrival of a new investor.
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Information and Explaination of the Issuer to this News:
Contacts:
Loewe AG
Industriestrasse 11
96317 Kronach
Germany
Axel Gentzsch, Investor Relations
Tel.: +49 (0)9261 99240
Fax: +49 (0)9261 99994
Email: axel.gentzsch@loewe.de
Dr. Roland Raithel, Public Relations
Tel.: +49 (0)9261 99217
Fax: +49 (0)9261 99444
Email: roland.raithel@loewe.de
16.09.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Loewe AG
Industriestrasse 11
96317 Kronach
Germany
Phone: +49 (0)9261 99-984
Fax: +49 (0)9261 99-994
E-mail: ir@loewe.de
Internet: www.loewe.de
ISIN: DE000A1X3W34
WKN: A1X3W3
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Loewe AG: Final restructuring measures
| Source: EQS Group AG