EANS-News: Semperit AG Holding
Agreement on social plan for French Production
site in Argenteuil signed
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- Argenteuil, France / Vienna, Austria Company Information Vienna - Semperit AG Holding announces that the management of the French subsidiary Sempertrans France Belting Technology ("SFBT") has signed an agreement on 13th October 2017 with the representative bodies of the affected French employees regarding the social measures linked to the closing project of the plant in Argenteuil. The agreement will be submitted to the French labor authorities for approval, which is expected within the next 2 weeks. With the mandatory special consultation and negotiation procedure being almost completed, the project is now going to enter the implementation phase. This will allow SFBT to start deploying all the accompanying measures for the employees as provided for by French law. Semperit Group still expects one-off expenses and exceptional charges of more than EUR 10 million in total from today's perspective (as announced on 30th June 2017). Further inquiry note: Monika Riedel Group Head of Communications & Sustainability +43 676 8715 8620 monika.riedel@semperitgroup.com Stefan Marin Head of Investor Relations Tel.: +43 676 8715 8210 stefan.marin@semperitgroup.com www.semperitgroup.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Semperit AG Holding Modecenterstrasse 22 A-1030 Wien phone: +43 1 79 777-210 FAX: +43 1 79 777-602 mail: stefan.marin@semperitgroup.com WWW: www.semperitgroup.com ISIN: AT0000785555 indexes: WBI, ATX GP, ATX PRIME stockmarkets: Wien language: English
Original content of: Semperit AG Holding, transmitted by news aktuell