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BRIEF-GoPro announces restructuring ; reducing workforce by about 15 percent

Nov 30 Gopro Inc :

* GoPro announces restructuring ; cutting 200 full-time jobs plus the cancelation of open positions for a reduction in force of about 15 percent

* Says Tony Bates will depart his position as President of the company at the end of the year

* Gopro - Will incur total charges of about $24 million- $33 million for restructuring, including about $13 million-$18 million as a result of workforce reduction

* GoPro - Expects to recognize most of the restructuring charges in Q4 2016

Source : bit.ly/2gJpMoT

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