DiaGenic ASA Implements Cost Reduction Program
8/26/2013 10:14:38 AM
OSLO, Norway--(BUSINESS WIRE)--Regulatory News: DiaGenic announces that it will implement a program to reduce the company’s operational expense level. The program is aimed to maximize DiaGenic’s flexibility related to corporate development initiatives while retaining core capabilities for its current business critical operations. As part of this cost reduction initiative, DiaGenic expects to complete a staff reduction, as well as to seek reductions in facility and administrative expenses. The estimated cost saving upon full effect is estimated to be in excess of NOK 600 thousand per month.
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