Dec 6 (Reuters) - Namoi Cotton Ltd (NAM) :
- ORGANISATIONAL RESTRUCTURE AND MODERNISATION PLAN
- RESTRUCTURE ALSO BRINGS A SIGNIFICANT REDUCTION IN STAFFING LEVELS
- APPROVED EXECUTION OF A NEW ORGANISATIONAL STRUCTURE, IMPLEMENTATION OF RESTRUCTURE IS EXPECTED TO BE COMPLETE BY END OF 2019
- ABOUT 50 EMPLOYEES WILL BE DIRECTLY IMPACTED, AND INITIATIVE WILL DELIVER ANNUALISED LABOUR SAVINGS OF MORE THAN $4.5 MILLION
- CASH FLOW IMPACT OF IMPLEMENTING RESTRUCTURE IS ABOUT $2.0 MILLION WHICH WILL BE INCURRED ENTIRELY IN FY20
- NOW UPDATES ITS MARKET GUIDANCE FOR FY20 CASH FLOWS FROM OPERATING ACTIVITIES TO -$3.0 MILLION
- RESTRUCTURE PLACES RELATIVELY MORE GROWER-FACING STAFF IN REGIONAL CENTRES WHERE CO DOES BUSINESS & REDUCES CORPORATE OVERHEADS
News: NAM Namoi Cotton Updates On Organisational Restructure & Modernisation Plan
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Last
77.3¢ |
Change
0.003(0.32%) |
Mkt cap ! $158.6M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.3¢ | 77.0¢ | $84.84K | 110.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 95217478 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 1514488 | 3 |
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| Last trade - 13.27pm 04/10/2024 (20 minute delay) ? |
| NAM (ASX) Chart |