BELL EQUIPMENT LIMITED - Bell announces plans to restructure for improved efficiency
BEL 201412030010A
Bell announces plans to restructure for improved efficiency
Bell Equipment Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/013656/06)
ISIN: ZAE000028304
Share Code: BEL
("Bell" or "the group")
Bell announces plans to restructure for improved efficiency
Bell wishes to advise shareholders that it has embarked on a review
of all its cost structures group-wide to ensure alignment with
revenue performance and the changing needs of the business and its
customers, with a view to improving operating efficiencies and
ensuring the group’s long term competitiveness and sustainability.
In South Africa, a consultation process in terms of section 189A of
the Labour Relations Act has been embarked upon with organised
labour and other relevant stakeholders. The group is also reviewing
all non-South African group operations and similar processes will be
followed in those countries where necessary.
Richards Bay
3 December 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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