L s starrett says initiated re-engineering of cost structure

L s starrett co - initiated a re-engineering of cost structure.l s starrett co - actions include facility cost reductions and manufacturing footprint rationalization.l s starrett co - global headcount reduction of 14%.l s starrett co - lowering capital expenditures by approximately $5.0 million in fiscal year 2021 to preserve cash.l s starrett co - amended its credit facility to provide additional flexibility and relaxation of restrictive covenants.l s starrett co - recorded a charge of $8.1 million within sales, general and administrative expense in 2020.l s starrett co - anticipates an additional $2.4 million charge in fiscal 2021 related to the completion of its restructuring plan.l s starrett co - consolidation of worldwide saw manufacturing in brazil.
SCX Ratings Summary
SCX Quant Ranking