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VC - Visteon approves restructuring plan reduce global headcount
Visteon Corporation
In an regulatory filing, Visteon (VC) says its board has approved a restructuring plan to improve efficiency and rationalize its footprint.VC will globally reduce the number of employees at various sites around the world.In connection with the plan, VC expects to incur total costs of between $35M to $40M.The plan is expected to be completed by the middle of 2022.