Brief: NN, Inc. Announces Closure Of Manufacturing Facility In Taunton, Massachusetts

NN

24/02/2022 12:53

Feb 24 (Reuters) - NN Inc  NNBR.O :
    * NN, INC. ANNOUNCES CLOSURE OF MANUFACTURING FACILITY IN
TAUNTON,
MASSACHUSETTS
    * NN INC - EXPECTS TO INCUR COSTS IN RANGE OF $1 TO $1.5
MILLION
FOR EMPLOYEE SEVERANCE AND EQUIPMENT RELOCATION
    * NN INC - EXPECTS TO SUBLEASE FACILITY UPON EXIT WHICH MAY
RESULT
IN ADDITIONAL COSTS
    * NN INC - CLOSURE OF PLANT WILL AFFECT APPROXIMATELY 85
SALARIED
AND HOURLY EMPLOYEES

Source text for Eikon:  ID:nGNX4HPTyy 
Further company coverage:  NNBR.O 

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