husqvarna closing beatrice plant

husqvarna closing beatrice plant

Posted in the Beatrice Forum

welp

Kearney, NE

#1 May 27, 2010
From their own press release: http://corporate.husqvarna.com/index.php...

Husqvarna has previously communicated its intention to implement a number of structural changes in order to improve efficiency and reduce costs. In line with these changes, Husqvarna has decided to close the plant in Beatrice, Nebraska, and transfer production to the plant in Orangeburg, South Carolina.

The closure and transfer will be implemented in the second half of 2010. The cost for the measures is estimated at approximately SEK 110m, whereof cash items amount to approximately SEK 70m, which will be charged to income in the second quarter of 2010. Annual savings from the measures are expected to amount to approximately SEK 40m and will be generated gradually from the start of 2011 with full effect as of 2012. The Beatrice plant assembles mainly Zero Turn Radius lawn mowers. The factory in Orangeburg manufactures similar products including riding garden tractors and tillers. Together with an earlier announcement to close a factory in Greece, operating income in the second quarter of 2010 will be charged with restructuring costs totaling SEK 160m. The total annual savings from the measures are estimated at approximately SEK 60m and will be generated gradually from the start of 2011 with full effect as of 2012.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Beatrice Discussions

Title Updated Last By Comments
looking for MARGO (CORY) TAYLOR Nov 11 DAVID SWANSON 3
Is Virginia as stupid as the media claims? Oct '16 Non media 1
Looking for dead beat dad- Eric M Shults, Behav... (Apr '15) Aug '16 Looking for dead ... 7
Justin Adams (Jan '11) Jul '16 Bronzebabe 24
Election Who do you support for U.S. House in Nebraska (... (Oct '10) May '16 The Walrus was Paul 52
News Transgender inmates turn to courts in quest for... (Apr '16) Apr '16 TerriB1 1
Dead beat dad (Nov '15) Nov '15 Harris2015 1

Beatrice Jobs

More from around the web

Personal Finance

Beatrice Mortgages