Brief: Bassett Announces Additional Cost Structure Reductions And Updates Progress On Restructuring Plan

Bassett Furniture Industries

20/11/2024 14:16

Nov 20 (Reuters) - Bassett Furniture Industries Inc
 BSET.O :
    * BASSETT ANNOUNCES ADDITIONAL COST STRUCTURE REDUCTIONS AND
UPDATES PROGRESS ON RESTRUCTURING PLAN
    * BASSETT FURNITURE INDUSTRIES INC - ANNOUNCES WORKFORCE
REDUCTIONS TO STREAMLINE OPERATIONS
    * BASSETT FURNITURE INDUSTRIES INC - WORKFORCE REDUCTION TO
RESULT
IN $2.5 MILLION ANNUAL SAVINGS
    * BASSETT FURNITURE INDUSTRIES INC - REDUCES HEADCOUNT BY
11% OVER
PAST YEAR
    * BASSETT FURNITURE INDUSTRIES INC - SHUTS DOWN NOA HOME
E-COMMERCE BUSINESS

Source text:  ID:nGNX8fcxjG 
Further company coverage:  BSET.O 

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