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BRIEF-Yellow Pages Announces Actions To Reduce Spending And Cost Structure

Published 2018-01-16, 07:38 a/m
BRIEF-Yellow Pages Announces Actions To Reduce Spending And Cost Structure
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Jan 16 (Reuters) - Yellow Pages Ltd Y.TO :

* YELLOW PAGES LIMITED ANNOUNCES ACTIONS TO REDUCE SPENDING AND COST STRUCTURE

* YELLOW PAGES LTD - WILL TAKE MEASURES TO REDUCE ITS WORKFORCE BY APPROXIMATELY 500 POSITIONS

* YELLOW PAGES - EXPECTS TO INCUR RESTRUCTURING CHARGE OF ROUGHLY $17 MILLION ASSOCIATED WITH RESTRUCTURING IN Q1 OF FISCAL 2018

* YELLOW PAGES LTD - WORKFORCE REDUCTION OF ABOUT 18% OF ITS EMPLOYEES, WITH REDUCTIONS OCCURRING ACROSS CANADA AND IN ALL FUNCTIONS OF BUSINESS

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