Watts Water Technologies, Inc. - Ordinary Shares - Class A

NYSE:WTS   3:59:55 PM EDT
149.11
+2.91 (+1.99%)
Layoffs, Restructuring / Reorganization, Other Pre-Announcement

Watts Water Tech Says Board Approved Restructuring Program With Respect To Co's Operating Facilities In France

Published: 06/30/2021 21:16 GMT
Watts Water Technologies, Inc. - Ordinary Shares - Class A (WTS) - Watts Water Technologies - on June 25, Board Approved Restructuring Program With Respect to Co’s Operating Facilities in France.
Watts Water Technologies - Restructuring Program is Expected to Include Shutdown of Co’s Manufacturing Facility in MÉry, France.
Watts Water Technologies - Program Expected to Consolidate MÉry Facility’s Operations Into Co’s Facilities in Virey-le-grand & Hautvillers, France.
Watts Water Technologies - Program is Expected to Include Pre-tax Charges Totaling About $26 Million.
Watts Water Technologies - Program Will Result in Elimination of About 80 Positions at MÉry, France Facility.
Watts Water Technologies - As a Result of Facility Consolidations Net Headcount Reduction in France is Expected to Be About 50 Positions.
Watts Water Technologies - Expects Costs to Be Incurred Through H2 of 2022, at Which Time Restructuring Program is Expected to Be Completed.
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