Edition:
India

Donegal Group Unit Plans To Consolidate Certain Operations & Close Branch Office Of Peninsula Insurance Company Effective July 2


Tuesday, 3 Apr 2018 

April 3 (Reuters) - Donegal Group Inc ::UNIT PLANS TO CONSOLIDATE CERTAIN OPERATIONS & CLOSE BRANCH OFFICE OF PENINSULA INSURANCE COMPANY EFFECTIVE JULY 2.EXPECTS TO ACHIEVE ANNUALIZED EXPENSE SAVINGS OF ABOUT $3.7 MILLION AS A RESULT OF IMPLEMENTING PENINSULA CONSOLIDATION.EXPECTS RESTRUCTURING CHARGE FOR EMPLOYEE TERMINATION COSTS ASSOCIATED WITH PENINSULA CONSOLIDATION OF ABOUT $1.9 MILLION TO $2 MILLION. 

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