Brief: FARO Announces Consolidation And Outsourcing Of Manufacturing

FARO Technologies

16/07/2021 14:30

July 16 (Reuters) - FARO Technologies Inc  FARO.O :
    * FARO ANNOUNCES CONSOLIDATION AND OUTSOURCING OF
MANUFACTURING
    * FARO TECHNOLOGIES INC - PHASED TRANSITION TO A SANMINA
PRODUCTION FACILITY IS EXPECTED TO BE COMPLETED OVER NEXT TWELVE
MONTHS
    * FARO TECHNOLOGIES INC - BELIEVES EXPECTED SAVINGS WILL
HAVE A
NEGLIGIBLE IMPACT ON 2021, FOLLOWED BY STEADY IMPROVEMENT
THROUGH 2022
    * FARO TECHNOLOGIES INC - EXPECTS TO INCUR A CASH CHARGE OF
APPROXIMATELY $6 MILLION IN SECOND HALF OF 2021

Source text for Eikon:  ID:nPn7k37l3a 
Further company coverage:  FARO.O 

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