2000/06/19
("WOOLWORTHS") [JSE Securities Exchange - SENS]
 
19/06/2000 - 20:02:15

WOOLWORTHS HOLDINGS LIMITED
("WOOLWORTHS")
RESTRUCTURING
THE INTERIM REPORT OF WOOLWORTHS FOR THE PERIOD ENDED 31 DECEMBER 1999 REFERRED
TO A RESTRUCTURING OF THE BUSINESS.  THIS PROCESS IS CURRENTLY IN PROGRESS AND
WILL RESULT IN A TOTAL ONCE OFF COST OF APPROXIMATELY R45M, WHICH WILL BE BORNE
IN THE RESULTS FOR THE YEAR ENDING 30 JUNE 2000.  THE OVERHEAD COST STRUCTURE
OF WOOLWORTHS WILL BE LOWER IN THE FUTURE.
THE FINAL FIGURE WILL BE CONFIRMED IN THE YEAR-END RESULTS ANNOUNCEMENT TO BE
PUBLISHED ON 17 AUGUST 2000.
PRODUCED BY: SHIRLEY STEYN 19-06-2000 11:05 SENS

PUBLISHER : JSE SENS Feed
Source: JSE Securities Exchange - SENS
 
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