DGAP-Adhoc: HolidayCheck Group AG plans staff reductions for sustainable cost reduction
DGAP-Ad-hoc: HolidayCheck Group AG / Key word(s): Restructure of Company
HolidayCheck Group AG plans staff reductions for sustainable cost reduction
03-Aug-2020 / 12:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
HolidayCheck Group AG plans staff reductions for sustainable cost reduction
Munich, 3rd August 2020 - As a reaction to the COVID-19 pandemic and the resulting reluctance to travel, the Management Board of HolidayCheck Group AG plans a reduction in staff as part of a comprehensive cost-cutting programme to achieve a sustained reduction in personnel costs. The staff cuts planned by the end of 2020 will probably affect around 100 employees. This corresponds to around 20 percent of the total workforce.
HolidayCheck Group AG
Armin Blohmann
Neumarkter Str. 61
81673 München
Tel.: +49 89 357680 901
Fax: +49 89 357680 999
E-Mail: armin.blohmann@holidaycheckgroup.com
03-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
End of Announcement DGAP News Service
1108281 03-Aug-2020 CET/CEST