Allstate says restructuring plan that will impact about 3,800 employees is being implemented

Allstate corp - announces expected third quarter restructuring and other charges.allstate corp - to lower costs, a restructuring plan is being implemented which will impact about 3,800 employees.allstate - expects to incur restructuring charge of about $290 million, pre-tax, with about $210 million to $220 million, pre-tax, to be recognized during q3 2020.allstate - expects to incur restructuring charge of $50 million to $60 million, pre-tax, to be recognized in q4, any remaining charges to be recognized in h1 2021.allstate - additionally, expects to incur real estate exit costs of about $80 million, pre-tax, resulting from office closures.
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