BRIEF-Ellies Says About 183 Jobs Expected To Be Affected Due To Restructuring

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BRIEF-Ellies Says About 183 Jobs Expected To Be Affected Due To Restructuring
Credit: © Reuters.

March 2 (Reuters) - Ellies Holdings Ltd ELIJ.J :

* JSE: ELI - COMMENCEMENT OF SECTION 189 CONSULTATION PROCESS WITH STAKEHOLDERS

* ELLIES HOLDINGS LTD - APPROXIMATELY 183 JOBS ARE EXPECTED TO BE AFFECTED DUE TO RESTRUCTURING

* ELLIES- CO, AFFECTED STAKEHOLDERS WILL CONSIDER MEASURES TO AVOID, MITIGATE POSSIBLE RETRENCHMENTS

* ELLIES- CO, AFFECTED STAKEHOLDERS WILL SEEK ALTERNATIVES TO POTENTIAL CESSATION OR DOWNSCALING OF AFFECTED OPERATIONS

* ELLIES - ELLIES ELECTRONICS TO ENTER INTO CONSULTATION ON RESTRUCTURING OF GOODS RECEIVING, WAREHOUSING, DISTRIBUTION, LOGISTICS, HEAD OFFICE ROLES

* ELLIES - RESTRUCTURING WILL RESULT IN RATIONALISATION OF OVERHEADS, REALISATION OF OTHER EFFICIENCIES REQUIRED TO RESTORE PROFITABILITY

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