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(Reuters) - New Zealand's Vista Group International Ltd on Thursday disclosed plans to reduce 6%-8% of its global workforce and streamline operations in an effort to turn cashflow positive a year earlier than targeted.
The film technology provider said it now expects to be free cashflow positive by the fourth quarter of 2024, as a bump in capital expenditure outlined last year will be spread over four years rather than previously indicated two years.
Shares of Vista rose 4.7% to NZ$1.77 by 112...
>>> Read more: NZ's Vista Group to streamline business, cut jobs to turn cashflow positive
The film technology provider said it now expects to be free cashflow positive by the fourth quarter of 2024, as a bump in capital expenditure outlined last year will be spread over four years rather than previously indicated two years.
Shares of Vista rose 4.7% to NZ$1.77 by 112...
>>> Read more: NZ's Vista Group to streamline business, cut jobs to turn cashflow positive
