BRIEF-Bassett Announces Additional Cost Structure Reductions And Updates Progress On Restructuring Plan

Reuters

2024-11-20

Nov 20 (Reuters) - Bassett Furniture Industries Inc

:

* BASSETT ANNOUNCES ADDITIONAL COST STRUCTURE REDUCTIONS AND UPDATES PROGRESS ON RESTRUCTURING PLAN

* BASSETT FURNITURE INDUSTRIES INC - ANNOUNCES WORKFORCE REDUCTIONS TO STREAMLINE OPERATIONS

* BASSETT FURNITURE INDUSTRIES INC - WORKFORCE REDUCTION TO RESULT IN $2.5 MILLION ANNUAL SAVINGS

* BASSETT FURNITURE INDUSTRIES INC - REDUCES HEADCOUNT BY 11% OVER PAST YEAR

* BASSETT FURNITURE INDUSTRIES INC - SHUTS DOWN NOA HOME E-COMMERCE BUSINESS

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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