Meritor Inc

NYSE:MTOR   3:59:58 PM EDT
27.04
-0.77 (-2.77%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

Meritor Inc Approves Restructuring Plan To Close Three U.S. Manufacturing Plants In Its Industrial Business

Published: 11/12/2020 12:23 GMT
Meritor Inc (MTOR) - Meritor Inc - on November 11, Approved a Restructuring Plan to Close Three U.S. Manufacturing Plants in Its Industrial Business.
Meritor Inc - Approved a Restructuring Plan to Close One European Administration Office in Its Aftermarket Business.
Meritor Inc - Closures Impact Approximately 150 Hourly and Salaried Workers.
Meritor Inc - Expects to Incur About $19 Million in Restructuring Charges in Aftermarket and Industrial Segment With Restructuring Plan.
Meritor - Restructuring Actions Expected to Generate About $10 Million in Annual Run Rate Saving, Will Be Substantially Complete by End of 2021.