November 9, 2016 / 12:39 AM / a year ago

BRIEF-Avcorp Industries announces restructuring

Nov 8 (Reuters) - Avcorp Industries Inc :

* Avcorp Industries - issued 60 day warn notifications on October 24, 2016, as part of a restructuring initiative at its Gardena California facility

* Reduction is in addition to exiting 180 temporary workers during last 90 days

* Restructuring initiative will result in workforce reduction of 75 permanent employees by December 31, 2016

* Restructuring will result in significant annual cost savings for co Source text for Eikon: Further company coverage:

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