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Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:04 EDTHARHarman 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
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December 19, 2014
10:29 EDTHARHarman's threat from Google more than just smartphones, says Morgan Stanley
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December 18, 2014
08:02 EDTHARHarman to acquire S1nn GmbH, terms not disclosed
HARMAN International Industries announced that it has signed an agreement to acquire S1nn GmbH & Co. KG, a developer of infotainment systems, connectivity and car audio solutions. This transaction is subject to regulatory and other approvals. Terms of the deal have not been disclosed. The S1nn team will be integrated into HARMAN's Infotainment division, led by Sachin Lawande.

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