Edition:
India

Columbus Mckinnon Plans Closure Of Ohio Operation


Thursday, 7 Nov 2019 

Nov 6 (Reuters) - Columbus McKinnon Corp ::COLUMBUS MCKINNON PLANS CLOSURE OF OHIO OPERATION.COLUMBUS MCKINNON - WILL BE CLOSING LISBON, OHIO FACTORY AND CONSOLIDATING THIS OPERATION INTO ITS FACILITIES IN VIRGINIA AND NORTH CAROLINA.COLUMBUS MCKINNON - CLOSURE OF LISBON OPERATION WILL AFFECT 59 UNION ASSOCIATES AND 17 STAFF ASSOCIATES IN THAT LOCATION.COLUMBUS MCKINNON CORP - RESTRUCTURING PROCESS IS EXPECTED TO TAKE BETWEEN SEVEN TO TEN MONTHS.COLUMBUS MCKINNON - EXPECTS PLANT CLOSURE COSTS OF ABOUT $3.5 MILLION AND ESTIMATES ANNUAL SAVINGS OF $5.0 MILLION ONCE COMPLETED. 

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