Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / MTSC - MTS Systems to reduce global workforce


MTSC - MTS Systems to reduce global workforce

MTS Systems (MTSC) announces global workforce reductions in the Test & Simulation segment, including a product rationalization of certain product lines in China.Company estimates that it will incur a total of ~$4M to $5M of pre-tax severance and related expenses related to this action, all of which will require a cash outlay. This action to be completed within the next six months with the majority of cash paid in the first half of fiscal year 2021.

For further details see:

MTS Systems to reduce global workforce
Stock Information

Company Name: MTS Systems Corporation
Stock Symbol: MTSC
Market: NASDAQ
Website: mts.com

Menu

MTSC MTSC Quote MTSC Short MTSC News MTSC Articles MTSC Message Board
Get MTSC Alerts

News, Short Squeeze, Breakout and More Instantly...