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We will be ready by the end of the second quarter next year to fully close operations at our Litchcamp facility. This will complete our shift to fewer but more automated production facilities as part of our 5-year strategic plan. The Litchcamp facility comprises 15% of our workforce and our estimates show that we will retain 40% of these workers. Those who are not retained will receive severance packages that include a $7,500 payout. Could you please estimate the total separation costs associated with closing Litchcamp? We will be ready by the end of the second quarter next year to fully close operations at our Litchcamp facility. This will complete our shift to fewer but more automated production facilities as part of our 5-year strategic plan. The Litchcamp facility comprises 15% of our workforce and our estimates show that we will retain 40% of these workers. Those who are not retained will receive severance packages that include a $7,500 payout. Could you please estimate the total separation costs associated with closing Litchcamp?
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Lets assume that the total number of employees at the Litchcamp facility is 100 Given t... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
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