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Jan 23(Reuters) – LEM HOLDING SA:
* ANNOUNCES NEW INITIATIVES FOR OPERATIONS IN SWITZERLAND AND IN MALAYSIA
* CHANGING ROLE OF HEADQUARTERS (HQ) RESULTS IN LOSS OF 21 JOBS IN GENEVA
* NEW GENEVA HQ PURPOSE BUILT FOR AROUND 250 EMPLOYEES, INCLUDING R&D DEPARTMENT, TO OPEN IN 2021
* SWISS HOLDING COMPANY TO TRANSFER FROM FRIBOURG TO GENEVA
* INVESTMENT IN MALAYSIA PRODUCTION FACILITY TO SERVE CUSTOMERS WORLDWIDE FROM 2021
* CHANGES TO ITS LEGAL STRUCTURE TO REDUCE COMPLEXITY AND SIMPLIFY INTERNAL PROCESSES
* MERGER OF LEM INTERNATIONAL SA AND LEM SWITZERLAND SA ON 30 JUNE 2020
* RELOCATION WILL NOT RESULT IN ANY JOB LOSSES, BUT RATHER RELOCATION OF SOME STAFF TO GENEVA
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