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10 months ago
BRIEF-HNI Corp approves closure of Orleans, Indiana office furniture manufacturing facility
October 7, 2016 / 2:56 PM / 10 months ago

BRIEF-HNI Corp approves closure of Orleans, Indiana office furniture manufacturing facility

Oct 7 (Reuters) - HNI Corp:

* Approved closure of its Orleans, Indiana office furniture manufacturing facility

* Will consolidate Orleans production into existing domestic office furniture manufacturing facilities

* Estimated cash restructuring and other associated cash costs total $6.7 million

* Realignment will drive an expected profit improvement of $7.6 million annually beginning in 2018 Source text - (bit.ly/2dXCznE)

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