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BRIEF-EXFO Inc Says Will Reduces Its Workforce By Less Than 5 Percent

Published 2018-08-21, 09:06 a/m
© Reuters.  BRIEF-EXFO Inc Says Will Reduces Its Workforce By Less Than 5 Percent
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Aug 21 (Reuters) - EXFO Inc EXF.TO :

* EXFO INC - WILL REDUCES ITS WORKFORCE BY LESS THAN 5 PERCENT

* EXFO INC - INTENDS TO BENEFIT FROM ANNUALIZED COST SAVINGS OF US$10.5 MILLION ONCE REORGANISATION COMPLETED

* EXFO INC - WILL INCUR US$8.0 MILLION IN RESTRUCTURING COSTS, INCLUDING US$6.0 MILLION IN SEVERANCE EXPENSES IN ASSOCIATION WITH REORGANISATION

* EXFO INC - FROM TOTAL RESTRUCTURING EXPENSES, US$3.4 MILLION WILL BE RECORDED IN Q4 2018

* EXFO INC - WILL FAST-TRACK INTEGRATION OF ASTELLIA'S & ONTOLOGY'S SOLUTIONS WITH EXFO'S TECHNOLOGIES ON COMMON MONITORING & ANALYTICS PLATFORM

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