Black and Decker spends $100M to move operations out of U.S. Black and Decker»ç, ÇØ¿Ü ÀÌÁÖ ºñ¿ë 1¾ï ´Þ·¯ µé¿©
Black and Decker will close three facilities and move their operations out of the United States.
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The restructuring plan calls for Black and Decker to close three manufacturing facilities and shift their operations to low-cost facilities in Mexico and China and a new facility to be opened in the Czech Republic.
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Some additional power tool production will be moved from plants in the United States and England to the low-cost facilities.
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About $55 million will go to severance pay. The company did not say how many people will lose their jobs.
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The total cost of the plan is expected to be $190 million, with annual savings of over $100 million, starting with a savings of $60 million in 2003.
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