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BRIEF-Rockwell Automation says expects restructuring actions to generate gross savings of over $30 mln in FY 2017 - Conf call
November 7, 2016 / 2:48 PM / 10 months ago

BRIEF-Rockwell Automation says expects restructuring actions to generate gross savings of over $30 mln in FY 2017 - Conf call

Nov 7 (Reuters) - Rockwell Automation Inc

* Says growth of co's automotive industry sales are more dependent on model changes than the SAAR count

* Says will not see Y-O-Y growth probably until Q2 in FY 2017; Says Q1 will be at the low-end of guidance growth rate

* Says continue to see consumer and automotive sectors as engines of growth in China

* Says expect restructuring actions in FY 2016 to generate gross savings of over $30 million in FY 2017, and over $40 million on a full run rate basis Further company coverage:

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