Technical goods trader Eriks cuts 450 jobs
Technical goods trading company Eriks is to cut its workforce by 450 because of the economic downturn and poor prospects for a short-term recovery, the Financieele Dagblad reports on Thursday.
Eriks booked a 57% drop in first quarter net profit. Sales were up by €25m at €270m, driven by acquisitions.
Last week trading company SHV brought out a €42 cash offer for Eriks. Eriks has said the bid is under consideration.
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