Dialight PLC (DIAL.L)
28 Aug 2015
Aug 7 - Industrial lighting products maker Dialight Plc said it would cut about 130 jobs, or around 12 percent of its workforce, excluding direct labour, nearly two months after it warned on full-year underlying operating profit.
* Announces actions on costs which involve a redundancy programme to reduce global headcount by approximately 130, representing around 12 pct of group's total workforce, excluding direct labour
** Dialight shares down c.5 pct, top loser on FTSE All Share Electronic Equipment Index & on track for largest intraday fall in roughly 1.5 mnths
* Shares slump 39 pct; top losers on LSE (Adds comments from company, analyst; updates share move)
June 10 - Industrial lighting products maker Dialight Plc warned that 2015 underlying operating profit would be significantly below expectations, hurt by a slowdown in the rate of orders for its lighting unit from the United States and Europe.