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Update on Restructuring

7th Sep 2010 07:00

RNS Number : 2409S
e2v technologies PLC
07 September 2010
 



7th September 2010

 

e2v technologies plc

 

 

Update on Restructuring

 

e2v technologies, the specialist provider of technology solutions for high performance systems, is providing an update on its restructuring programme subsequent to the Interim Management Statement issued on 19 July 2010.

 

The group's restructuring activities have continued as anticipated.

 

In relation to the Lincoln manufacturing site closure, the first product family, representing a third of the continuing sales activities, has been successfully transferred to the main Chelmsford site and more than 50% of the planned personnel departures have taken place.

 

At the Grenoble site, overdue orders caused by last year's industrial disruption have now been delivered and the first phase of the restructuring plan has been completed on schedule, covering 50% of the planned personnel departures.

 

Trading update

 

As previously announced, e2v will be providing a regular trading update, for the first 6 months of its current financial year (ending 30 September 2010), on 11 October 2010.

 

 

Enquiries:

e2v technologies plc Tel: +44 (0)1245 493 493

Keith Attwood/Charles Hindson

www.e2v.com

 

Financial Dynamics Tel: +44 (0)20 7831 3113

Jon Simmons/Susanne Yule

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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