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BRIEF-Rheinmetall optimizes location structure of piston production‍​
November 2, 2017 / 10:27 AM / 17 days ago

BRIEF-Rheinmetall optimizes location structure of piston production‍​

Nov 2 (Reuters) - RHEINMETALL AG:

* OPTIMIZES LOCATION STRUCTURE OF PISTON PRODUCTION‍​

* EARNINGS TO IMPROVE BY €10 MILLION A YEAR IN THE MEDIUM-TERM‍​

* POTENTIAL CLOSING COSTS THIS YEAR ARE ESTIMATED AT A LOW EIGHT-FIGURE SUM.‍​

* THIS ONE-OFF EXPENSE WILL AFFECT THE EBIT REPORTED IN THE THIRD QUARTER OF 2017

* REACHED AGREEMENT WITH UNIONS ON DISCONTINUATION OF PISTON PRODUCTION IN THIONVILLE, FRANCE, IN 2018 Further company coverage: (Gdynia Newsroom)

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