March 19, 2019 / 5:44 AM / 3 months ago

BRIEF-APG SGA To Optimize Company Structures And Downscale Executive Board

March 19(Reuters) - APG SGA:

* SAYS IT WILL OPTIMIZE COMPANY STRUCTURES AND DOWNSCALE EXECUTIVE BOARD

* SAYS EMPLOYEES AND ACTIVITIES OF CO'S SEGMENT BRANDS WILL BE INTEGRATED INTO CORE BUSINESS AS OF JUNE 1, 2019

* CFO BEAT HERMANN WILL CONTINUE TO HEAD UP THE FINANCE UNIT

* OPTIMIZATIONS TO RESULT IN REDUCTION OF SOME 20 TO 25 JOBS IN BACK-OFFICE, ADMINISTRATION AND LOGISTICS AREAS BY MID-2020

Source text - bit.ly/2TgLwvp

Further company coverage: (Gdynia Newsroom)

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