Brief: Natural Alternatives International Announces Temporary Plant Closure And Employee Furloughs

Natural Alternatives International

16/08/2023 23:16

Aug 16 (Reuters) - Natural Alternatives International
Inc  NAII.O :
    * NATURAL ALTERNATIVES INTERNATIONAL, INC. ANNOUNCES
TEMPORARY
PLANT CLOSURE AND EMPLOYEE FURLOUGHS
    * NATURAL ALTERNATIVES INTERNATIONAL INC- NAI EXPECTS TO
BEGIN
SHIPPING NEW ORDERS TO THIS CUSTOMER DURING Q1 OF CALENDAR 2024
    * NATURAL ALTERNATIVES INTERNATIONAL- REDUCTION OF
ANTICIPATED
ORDERS, CLOSURE OF FACILITY IS ANTICIPATED TO HAVE  ADVERSE
EFFECT ON RESULTS OF OPERATIONS
    * NATURAL ALTERNATIVES INTERNATIONAL INC - TEMPORARILY
CEASING
PURCHASES FROM NATURAL ALTERNATIVES
    * NATURAL ALTERNATIVES- NAI TO PAY FOR HEALTH INSURANCE
COSTS OF
ALL FURLOUGHED EMPLOYEES DURING EMPLOYEE'S FURLOUGH PERIOD,
THROUGH DECEMBER 31, 2023
    * NATURAL ALTERNATIVES INTERNATIONAL INC - TEMPORARY CLOSURE
OF
ITS NEW FACILITY IN CARLSBAD, CALIFORNIA
    * NATURAL ALTERNATIVES INTERNATIONAL: STAFF AT POWDER
BLENDING &
PACKAGING FACILITY TO BE FURLOUGHED STARTING IN EARLY OCT &
LASTING UNTIL ABOUT DEC 31
    * NATURAL ALTERNATIVES INTERNATIONAL- REDUCTION OF ORDERS,
CLOSURE
OF FACILITY MAY IMPACT RESULTS DURING LAST CALENDAR QUARTER OF
THIS YEAR, POSSIBLY EARLY 2024

Source text for Eikon:  ID:nPn30LzRDa 
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