Brief: Donegal Group Unit Plans To Consolidate Certain Operations & Close Branch Office Of Peninsula Insurance Company Effective July 2

Donegal

03/04/2018 16:17

April 3 (Reuters) - Donegal Group Inc  DGICA.O :
    * UNIT PLANS TO CONSOLIDATE CERTAIN OPERATIONS & CLOSE
BRANCH
OFFICE OF PENINSULA INSURANCE COMPANY EFFECTIVE JULY 2
    * EXPECTS TO ACHIEVE ANNUALIZED EXPENSE SAVINGS OF ABOUT
$3.7
MILLION AS A RESULT OF IMPLEMENTING PENINSULA CONSOLIDATION
    * EXPECTS RESTRUCTURING CHARGE FOR EMPLOYEE TERMINATION
COSTS
ASSOCIATED WITH PENINSULA CONSOLIDATION OF ABOUT $1.9 MILLION TO
$2 MILLION

Source text for Eikon:  ID:nEOL5kVhyl 
Further company coverage:  DGICA.O 

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