|
|
News Breaks
|
November 4, 2011
|
| 07:09 EDT |  | BWEN |
| theflyonthewall.com: | Broadwind Energy has initiated restructing plan to reduce fixed costs | | The company says "To accelerate our financial progress, we have initiated a restructuring plan to consolidate our footprint and reduce our fixed costs. By the end of 2012 we plan to reduce our footprint by 30%. We expect annual savings of approximately $6M related to the restructuring. Despite this consolidation, we will retain manufacturing capacity to easily support growth in sales over the next several years. The segment most significantly impacted by this plan will be Gearing, where we expect cost reductions of $3-4M/year as a result of the consolidation." :theflyonthewall.com |
|
|
News For BWEN From The Last 14 Days Check below for free stories on BWEN the last two weeks.
| Sign up for a free trial to see the rest of the stories you've been missing. |
There are no results for these search parameters.
|
|
|
|
