Brief: Leggett & Platt Expects To Reduce Workforce Levels Over Time By 900 To 1,100

Leggett & Platt, Incorporated

16/01/2024 12:19

Jan 16 (Reuters) - Leggett & Platt Inc  LEG.N :
    * LEGGETT & PLATT INC - WE EXPECT TO REDUCE WORKFORCE LEVELS
OVER
TIME BY 900 TO 1,100.
    * LEGGETT & PLATT INC - ANTICIPATES THAT RESTRUCTURING PLAN
WILL
BE SUBSTANTIALLY COMPLETE BY END OF 2025.
    * LEGGETT & PLATT INC - WITHDRAWING GUIDANCE OF 6-9% ANNUAL
REVENUE GROWTH,11.5-12.5% EBIT MARGIN, ABOUT 50% DIVIDEND PAYOUT
RATIO

Further company coverage:  LEG.N 

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