Brief: Interface - Committed To New Restructuring Plan That Continues To Focus On Efforts To Improve Efficiencies & Decrease Costs Across Its Worldwide Operations

Interface

10/09/2021 14:39

Sept 10 (Reuters) - Interface Inc  TILE.O :
    * INTERFACE - COMMITTED TO NEW RESTRUCTURING PLAN THAT
CONTINUES
TO FOCUS ON EFFORTS TO IMPROVE EFFICIENCIES & DECREASE COSTS
ACROSS ITS WORLDWIDE OPERATIONS
    * INTERFACE - PLAN INVOLVES REDUCTION OF ABOUT 188 EMPLOYEES
AND
CLOSURE OF CO’S MANUFACTURING FACILITY IN THAILAND AT END OF Q1
2022.
    * INTERFACE - EXPECTS TO INCUR PRE-TAX RESTRUCTURING CHARGES
BETWEEN Q3 2021 AND Q4 2022 OF ABOUT $5.4 MILLION

Source text: [ID: https://bit.ly/3l6QUkC]
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 ((Reuters.Briefs@thomsonreuters.com;))