HERIGE SA (FR:ALHRG) has released an update.
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HERIGE is undertaking a major reorganization to enhance operational performance and maintain competitiveness amidst a challenging construction market. The plan involves optimizing resources, reorganizing commercial operations, and potentially reducing the workforce by 10%, aiming for an annual cost reduction of €7 million. Despite initial non-recurring costs, HERIGE remains focused on sustainable growth without distributing dividends for 2024.
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