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MTSC - MTS Systems News Story

$58.49 0.0  0.0%

Last Trade - 06/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £823.6m
Enterprise Value £1.16bn
Revenue £594.0m
Position in Universe th / 6850

BRIEF-MTS Systems Announced Global Workforce Reductions In Test & Simulation Segment, Including A Product Rationalization In China

Mon 28th September, 2020 9:22pm
Sept 28 (Reuters) - MTS Systems Corp  MTSC.O :
    * MTS SYSTEMS CORP -  ON SEPTEMBER 23 ANNOUNCED GLOBAL
WORKFORCE
REDUCTIONS IN  TEST & SIMULATION SEGMENT, INCLUDING A PRODUCT
RATIONALIZATION IN CHINA
    * MTS SYSTEMS -  ESTIMATES THAT IT WILL INCUR ABOUT $4.0 TO
$5.0
MILLION OF PRE-TAX SEVERANCE AND RELATED EXPENSES RELATED TO
WORKFORCE REDUCTIONS
    * MTS SYSTEMS CORP - BASED ON NOTICE PERIOD REQUIREMENTS,
EXPENSES
ARE EXPECTED TO BE RECOGNIZED THROUGHOUT H1 FISCAL YEAR 2021

Source: (https://bit.ly/2HxxANe)
Further company coverage:  MTSC.O 

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