Brief: Trinseo Announces Additional Restructuring Initiatives

Trinseo

30/09/2024 21:59

Trinseo PLC  TSE.N :
    * TRINSEO ANNOUNCES ADDITIONAL RESTRUCTURING INITIATIVES
    * TRINSEO PLC - EFFECTIVE OCTOBER 1, 2024, COMPANY IS
COMBINING
MANAGEMENT OF ITS ENGINEERED MATERIALS, PLASTICS SOLUTIONS AND
POLYSTYRENE BUSINESSES
    * TRINSEO PLC - COMBINING MANAGEMENT OF ITS ENGINEERED
MATERIALS,
PLASTICS SOLUTIONS AND POLYSTYRENE BUSINESSES, RESULTING IN A
REDUCTION IN WORKFORCE
    * TRINSEO PLC - EXPECTED ANNUALIZED RUN RATE COST SAVINGS IS
$30
MILLION WITH ABOUT $25 MILLION REALIZED IN 2025 AND FULL RUN
RATE ACHIEVED BY END OF 2026
    * TRINSEO- DECIDED TO EXIT VIRGIN POLYCARBONATE PRODUCTION
AT ITS
STADE, GERMANY PRODUCTION FACILITY FOLLOWING DISCUSSIONS WITH
RELEVANT WORKS COUNCILS
    * TRINSEO PLC - EXPECTS TO RECORD TOTAL PRE-TAX
RESTRUCTURING
CHARGES OF $23 MILLION TO $28 MILLION

Source text for Eikon:  ID:nBw3qTsGZa 
Further company coverage:  TSE.N