AMC Networks Inc - Ordinary Shares - Class A

+0.17 (+0.52%)
: $35.30 +2.14 (+6.45%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

AMC Networks Commences Restructuring Plan Through Domestic Workforce Reduction

Published: 11/20/2020 21:25 GMT
AMC Networks Inc (AMCX) - Amc Networks - on Nov 18, Commenced Restructuring Plan Designed to Streamline Co’s Operations Through a Reduction of Its Domestic Workforce.
Amc Networks - in Connection With Restructuring Plan, Co Expects to Incur Severance Costs of About $20 to $25 Million During Q4 of 2020.
Amc Networks - Restructuring Plan is Intended to Improve Organizational Design Through Elimination of Certain Roles.
Amc Networks - Expects Majority of Severance Payments Will Be Made in 2021.