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.

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