Brief: Express Inc - Workforce Reduction Will Impact About 150 Employees And Is Expected To Be Completed By End Of Q3 Of Fiscal 2023

Express

17/08/2023 22:41

Express Inc  EXPR.N :
    * EXPRESS INC - WORKFORCE REDUCTION WILL IMPACT ABOUT 150
EMPLOYEES AND IS EXPECTED TO BE COMPLETED BY END OF Q3 OF FISCAL
2023
    * EXPRESS INC - INITIATED A WORKFORCE REDUCTION TO REDUCE
COSTS
AND IMPROVE OPERATING EFFICIENCIES
    * EXPRESS - WORKFORCE REDUCTION IS BEING IMPLEMENTED AS PART
OF
PLAN OF STRATEGIC COST REDUCTION ACTIONS, WAS COMMITTED TO BY
MANAGEMENT ON JULY 27
    * EXPRESS INC: EXPECTS THAT IT WILL INCUR APPROXIMATELY $5
MILLION
IN RESTRUCTURING AND RELATED COSTS

Source text for Eikon:  ID: 
Further company coverage:  EXPR.N