BRIEF-Performance Sports Group announces additional corporate restructuring

Tue Aug 2, 2016 4:56pm EDT
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Aug 2 (Reuters) - Performance Sports Group Ltd

* Will have reduced its workforce by approximately 15% since close of its fiscal year 2016

* Says estimates annualized savings of approximately $5.9 million in salary and associated benefits

* Performance sports announces additional corporate restructuring

* Reducing its workforce across several areas and levels of organization.

* Says expects to record severance expense of approximately $2.8 million in first half of fiscal 2017 Source text for Eikon: Further company coverage: