Brief: Delta Apparel Approved A Plan To Exit Dtg2go Business Unit Of Company's Delta Group Operating Segment

Delta Apparel

18/06/2024 22:02

June 18 (Reuters) - Delta Apparel Inc  DLA.A :
    * DELTA APPAREL INC - ON JUNE 12, APPROVED A PLAN TO EXIT
DTG2GO
BUSINESS UNIT ("DTG2GO") OF COMPANY'S DELTA GROUP OPERATING
SEGMENT
    * DELTA APPAREL INC - DTG2GO EXIT PLAN PROVIDES FOR A
REDUCTION OF
COMPANY'S WORKFORCE BY APPROXIMATELY 115 EMPLOYEES.
    * DELTA APPAREL INC - AS PART OF DTG2GO EXIT PLAN, COMPANY
CEASED
ALL PRODUCTION OPERATIONS RELATED TO DTG2GO AS OF JUNE 13, 2024
    * DELTA APPAREL INC - COMPANY EXPECTS IMPLEMENTATION OF
DTG2GO
EXIT PLAN TO BE SUBSTANTIALLY COMPLETE WITHIN 120 DAYS.
    * DELTA APPAREL INC - EXPECTS IMPLEMENTATION OF DTG2GO EXIT
PLAN
TO BE SUBSTANTIALLY COMPLETE WITHIN 120 DAYS
    * DELTA APPAREL INC - IN CONNECTION WITH DTG2GO EXIT PLAN,
COMPANY
EXPECTS TO PERMANENTLY CLOSE ITS DTG2GO FACILITY IN STORM LAKE,
IOWA
    * DELTA APPAREL INC - RESTRUCTURING CHARGES ARE EXPECTED TO
BE
INCURRED BEGINNING IN Q3 OF FISCAL YEAR 2024.

Source text for Eikon:  ID:n0001437749-24-020642 
Further company coverage:  DLA.A 

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