June 25, 2020 / 12:15 PM / 12 days ago

BRIEF-Ichor Holdings Ltd Says On June 23, Co Announced Closure Of Manufacturing Facility In Union City, California

June 25 (Reuters) - Ichor Holdings Ltd:

* ICHOR HOLDINGS LTD SAYS ON JUNE 23, CO ANNOUNCED CLOSURE OF MANUFACTURING FACILITY IN UNION CITY, CALIFORNIA

* ICHOR HOLDINGS - CLOSURE OF CALIFORNIA FACILITY RESULT OF RESTRUCTURING OF PLASTICS BUSINESS IN ORDER TO STREAMLINE OPERATIONS, IMPROVE ASSET UTILIZATION

* ICHOR HOLDINGS - NOTIFIED EMPLOYEES AT CALIFORNIA FACILITY OF CLOSURE ON JUNE 23, ABOUT 80 EMPLOYEES WILL BE IMPACTED BY CLOSURE - SEC FILING

* ICHOR HOLDINGS SAYS EXPECTS TO SUBSTANTIALLY COMPLETE CLOSURE OF CALIFORNIA FACILITY BY END OF 2020 FISCAL YEAR

* ICHOR HOLDINGS - AS RESULT OF CLOSURE, COSTS WILL RESULT IN CASH EXPENDITURES ABOUT $0.9 MILLION IN EMPLOYEE-RELATED RESTRUCTURING COSTS

* ICHOR HOLDINGS - EXPECTS TO INCUR NON-CASH ASSET-RELATED CHARGES, WRITE-DOWN OF INVENTORIES OF ABOUT $3 MILLION - $5 MILLION Source text: [ID:bit.ly/3dzfuoi] Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below