Harman reducing 500 jobs, to possibly cut additional 500 Harman said it is implementing restructuring initiatives, which it expects will improve the company’s operating performance. The company will reduce approximately 500 jobs in high cost countries, resulting in annual operational savings of approximately $30M-$35M beginning in fiscal year 2014. The company expects to record a restructuring charge of approximately $30M-35M in the second half of FY13. Harman said it is also evaluating the sale or closure of a manufacturing site in Europe, which would reduce an additional 500 jobs.
News For HAR From The Last 14 Days
Check below for free stories on HAR the last two weeks.