Innovente Announces Temporary Layoffs
26 6월 2014 - 4:37AM
Marketwired
Innovente Announces Temporary Layoffs
QUEBEC CITY, QUEBEC--(Marketwired - Jun 25, 2014) - Innovente
Inc. (TSX-VENTURE:IGE) ("Innovente" or the "Corporation") announces
the temporary layoff of its employees working in the operations of
the Saint-Patrice-de-Beaurivage plant. The interruption of
operations at the Saint-Patrice-de-Beaurivage plant is effective
immediately for an indefinite period. In addition, Innovente will
proceed in the coming days with the temporary layoff of part of its
headquarters' employees.
This decision is
consistent with cost-cutting measures undertaken by the
Corporation, in order to implement solutions that will allow it to
recover an adequate level of liquidity and to continue its
operations.
Innovente is
regretful of the impact of these measures on its employees, but
believes they are essential in the current context and in the best
interest of the Corporation.
About Innovente
Based in Quebec
City, Innovente produces renewable energy by providing communities
with a green and sustainable solution for the management of
residual organic matter with its patented technology. Innovente
stock is listed on the TSX Venture Exchange under the ticker symbol
IGE (TSX-VENTURE:IGE). www.innovente.ca
Disclaimer regarding
forward-looking statements
Certain statements
included herein may constitute "forward-looking statements" within
the meaning of applicable securities laws. Forward-looking
statements are necessarily based on a number of estimates and
assumptions that, while considered reasonable by management when
they are made, are inherently subject to significant business,
economic, and competitive uncertainties and contingencies.
Investors are cautioned not to place undue reliance on
forward-looking statements. The Corporation disclaims any intent or
obligation to update publicly these forward-looking statements,
whether as a result of new information, future events or other
development unless required by applicable law.
Neither TSX Venture
Exchange nor its Regulation Services Provider (as these terms are
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
Source:InnoventeFor information:Richard PainchaudPresident and
Chief Executive OfficerInnovente418
692-1011rpainchaud@innovente.ca
(TSXV:IGE)
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