Alamo Group Says Diligently Executing Cost Saving Initiatives Inclusive Of Plant Consolidations And Workforce Reductions
Benzinga Newsdesk 2 years ago
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In the first nine months of 2024, we incurred approximately $3.2 million in employee separation costs and expect the total cost to be between $4.0 million to $4.5 million. Through these ongoing actions, it
In the first nine months of 2024, we incurred approximately $3.2 million in employee separation costs and expect the total cost to be between $4.0 million to $4.5 million.
Through these ongoing actions, it anticipates achieving annualized cost savings in the range of $25 to $30 million.