Brief: Adient PLC Announces Restructuring Plans In Europe

Adient

22/04/2024 12:38

April 22 (Reuters) - Adient PLC  ADNT.N :
    * ADIENT PLC - ANNOUNCED RESTRUCTURING PLANS IN EUROPE
    * ADIENT PLC: EXPECTS TO RECORD A RESTRUCTURING CHARGE OF
APPROXIMATELY $125 MILLION IN Q2 OF FISCAL YEAR 2024
    * ADIENT PLC - PLANS WERE INITIATED BY ADIENT'S MANAGEMENT
AS OF
MARCH 31, 2024, AND AFFECTED EMPLOYEES WERE NOTIFIED
    * ADIENT PLC - RESTRUCTURING ACTIONS ASSOCIATED WITH
SPECIFIC
PLANS WILL PRIMARILY OCCUR IN FISCAL YEARS 2025 AND 2026
    * ADIENT PLC -  RESTRUCTURING ACTIONS EXPECTED TO BE
SUBSTANTIALLY
COMPLETE BY FISCAL YEAR 2027
    * ADIENT PLC -  RESTRUCTURING PLANS IN EUROPE PRIMARILY
THROUGH
WORKFORCE REDUCTIONS AND TRANSFER OF WORK TO COUNTRIES WITH
LOWER LABOR COSTS

Source text for Eikon:  ID:n0001670541-24-000065 
Further company coverage:  ADNT.N 

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