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Stock Market & Financial Investment News

News Breaks
January 28, 2013
18:28 EDTBCOBrink's appoints Darren McCue as Chief Commercial Strategy Officer
The Brink's Company announced that Darren McCue has been appointed Chief Commercial Strategy Officer, effective February 19. In this role, McCue will be responsible for leading the development of new product and service offerings to help Brink's customers become more efficient and successful, facilitating the introduction of existing products and solutions across the company, and identifying growth opportunities for Brink's. McCue will report directly to Thomas C. Schievelbein, Brink's CEO.
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October 17, 2014
12:46 EDTBCOBrink's to restructure Netherlands operations, could cut approximately 600 jobs
The Brink's Company announced its plan to restructure its Netherlands operations in response to a loss of business with Rabobank, its largest customer in that country. Brink's expects to incur a charge of $16M-$22M against Q3 GAAP earnings. The expected charge is related to asset impairments, severance and other costs associated with the expected cessation of service to Rabobank on July 1, 2015. The restructuring plan includes the potential closure of three branches and a workforce reduction of approximately 600 employees. The potential loss of business in the Netherlands was considered prior to the company's July 24 disclosure of its goal to achieve a non-GAAP segment margin rate of 8% by the end of 2016, and the goal remains unchanged.

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