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BRIEF-Totens Sparebank's restructuring to incur one-time charge of NOK 11 mln in Q4
November 7, 2016 / 7:58 AM / a year ago

BRIEF-Totens Sparebank's restructuring to incur one-time charge of NOK 11 mln in Q4

Nov 7 (Reuters) - Totens Sparebank :

* Overall restructuring to incur one-time charge of 11 million Norwegian crowns ($1.3 million)which will be expensed in Q4 2016

* Reduction of workforce to reduce labor costs by 8 million crowns, full effect to be seen in 2018

Source text for Eikon: Further company coverage: ($1 = 8.1929 Norwegian crowns) (Gdynia Newsroom)

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