Manitowoc ($MTW) said it is initiating restructuri
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Posted On: 10/29/2015 9:25:12 AM
Manitowoc ($MTW) said it is initiating restructuring actions that will result in $30 million in restructuring charges in the fourth quarter. The actions are expected to fetch the company $135 million to $145 million in annual savings over the next three year. The company also announced the appointment of board member Kenneth Krueger as its interim CEO following the resignation of Glen Tellock. The company’s third quarter adjusted earnings trailed estimates.
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