FIG freedom insurance group ltd
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News: FIG Freedom Insurance Group Clarifies On Operating Costs Reduction

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    03/10/18
    19:25
    Post #: 35983535

    Oct 3 (Reuters) - Freedom Insurance Group Ltd (FIG) :

    • CLARIFIES THAT $15 MILLION OPERATING COSTS REDUCTION IS IN ADDITION TO SAVINGS ASSOCIATED WITH REDUCED EMPLOYEE NUMBERS
    • REDUCTION IN ANNUAL SALARY COST IS EXPECTED TO BE ABOUT $12 MILLION
    • CLARIFIES ON ASX ANNOUNCEMENT MADE ON OCT 2
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