CommScope to close Joliet, IL, manufacturing operation

theflyonthewall.com

The company plans to close its Joliet, Illinois manufacturing operation and shift the production to existing facilities in North Carolina and to third party suppliers in an effort to improve North American factory utilization. This action will impact approximately 200 employees and result in non-cash, asset impairment charges of up to $10 million and cash restructuring charges of approximately $15 million. Through these actions, the company expects $8 million to $10 million of annualized cost savings.

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