Brief: SunPower Corp Adopted A Restructuring Plan On April 21

SunPower

24/04/2024 15:30

April 24 (Reuters) - SunPower Corporation  SPWR.O :
    * SUNPOWER CORP - ON APRIL 21 ADOPTED A RESTRUCTURING PLAN
    * SUNPOWER CORP - COMPANY EXPECTS TO INCUR RESTRUCTURING
CHARGES
TOTALING APPROXIMATELY $28 MILLION
    * SUNPOWER CORP -  RESTRUCTURING CHARGES TO CONSIST OF ABOUT
$14
MILLION IN SEVERANCE BENEFITS, AND ABOUT $14 MILLION RELATED TO
EARLY CONTRACT TERMINATION
    * SUNPOWER CORP - EXPECTS RESTRUCTURING PLAN TO BE
SUBSTANTIALLY
COMPLETED BY END OF COMPANY'S SECOND FISCAL QUARTER

Source text for Eikon:  ID:n0000867773-24-000051 
Further company coverage:  SPWR.O 

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