Brief: Children's Place Says Has Implemented A Workforce Reduction And A Voluntary Early Termination Of Its Corporate Office Lease

Children's Place

28/06/2023 22:27

June 28 (Reuters) - Children's Place Inc  PLCE.O :
    * CHILDREN'S PLACE INC - HAS IMPLEMENTED A WORKFORCE
REDUCTION AND
A VOLUNTARY EARLY TERMINATION OF ITS CORPORATE OFFICE LEASE
    * CHILDREN'S PLACE INC - HAS IMPLEMENTED A 17% REDUCTION IN
NUMBER
OF ITS SALARIED WORKFORCE
    * CHILDREN'S PLACE INC - AS A RESULT OF THESE STRATEGIC
ACTIONS,
CO EXPECTS TO INCUR A NON-OPERATING CHARGE IN RANGE OF $13
MILLION TO $15 MILLION
    * CHILDREN'S PLACE INC - HAS IMPLEMENTED A 17% REDUCTION IN
NUMBER
OF ITS SALARIED WORKFORCE, REPRESENTING 181 POSITIONS

Source text for Eikon:  ID: 
Further company coverage:  PLCE.O 

 ((Reuters.Brief@thomsonreuters.com;))