EASTERN CO (EML): restructuring charge — Eastern Company announces workforce reduction expected to save $4M annually

EASTERN CO

Reduction in force committed May 28, 2025; expected completion in Q2 2025.
Estimated $1.0M in charges (severance, contract termination) mostly in Q2 2025.
Annual operating cost reduction of approximately $4.0M.
Cash payments for severance and contract termination to be paid primarily in Q2 2025.

item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

EASTERN CO announced a restructuring with charges of approximately $1.0 million.

Type: restructuring
Charge: approximately $1.0 million

Exact text from the filing

In connection with the reduction in force, the Company estimates that it will incur aggregate charges of approximately $1.0 million, which will be recorded primarily in the 2 nd quarter of 2025, related to severance payments and other employee-related costs, and contract termination costs.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

EASTERN CO filing history →

Source: SEC EDGAR

accession 0001654954-25-006162

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