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BRIEF-Milacron Holdings says unit entered deal for restructuring in facility in Germany
October 6, 2016 / 6:21 PM / in 9 months

BRIEF-Milacron Holdings says unit entered deal for restructuring in facility in Germany

1 Min Read

Oct 6 (Reuters) - Milacron Holdings Corp :

* In connection with plan, co expects to incur severance and other related costs of approximately $13 to $15 million - SEC filing

* Unit entered agreement with Betriebsrat der Ferromatik Milacron GmbH for restructuring plan related to manufacturing facility in Germany

* Plan expected to impact about 120 employees with certain operational functions being shifted to co's operations in Czech Republic

* Expects restructuring actions to be substantially complete by the end of 2017 Source text bit.ly/2dNVbpA Further company coverage:

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