Brief: Steelcase Authorized Series Of Actions In Response To Recent Volume Decline In Incoming Orders

Steelcase

21/09/2022 22:19

Sept 21 (Reuters) - Steelcase Inc  SCS.N :
    * STEELCASE- AUTHORIZED SERIES OF ACTIONS IN RESPONSE TO
RECENT
VOLUME DECLINE IN INCOMING ORDERS, LOWER THAN EXPECTED
RETURN-TO-OFFICE TRENDS IN AMERICAS
    * STEELCASE INC - THE ACTIONS MAY INCLUDE ELIMINATION OF UP
TO 180
SALARIED POSITIONS IN COMPANY'S AMERICAS SEGMENT AND CORPORATE
FUNCTIONS
    * STEELCASE INC - EXPECTS TO INCUR ABOUT $8 MILLION IN
RESTRUCTURING COSTS, CONSISTING OF CASH SEVERANCE PAYMENTS AND
OTHER SEPARATION-RELATED BENEFITS
    * STEELCASE INC - EXPECTS THE ACTIONS TO BE COMPLETED IN Q3
OF
FISCAL YEAR 2023


Further company coverage:  SCS.N 

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