BRIEF-Allied Healthcare Products On December 19, 2022, Approved A Reduction In Force

Reuters2022-12-23

Dec 22 (Reuters) - Allied Healthcare Products Inc

* ALLIED HEALTHCARE PRODUCTS INC - ON DECEMBER 19, 2022, CO APPROVED A REDUCTION IN FORCE

* ALLIED HEALTHCARE PRODUCTS INC - UNABLE AT THIS TIME TO ESTIMATE THE FULL AMOUNT OF SUCH CHARGES AND IMPAIRMENTS

* ALLIED HEALTHCARE PRODUCTS INC - COMPANY DOES NOT EXPECT TO INCUR MATERIAL SEVERANCE OBLIGATIONS FROM FORCE REDUCTIONS

* ALLIED HEALTHCARE PRODUCTS - EXPECTS TO INCUR MATERIAL ADDITIONAL COSTS IN ASSOCIATION WITH ACTIONS PURSUANT TO THE REDUCTION IN FORCE

* ALLIED HEALTHCARE PRODUCTS INC - REDUCTION IN FORCE WILL RESULT IN THE TERMINATION OF SUBSTANTIALLY ALL OF THE COMPANY’S UNION EMPLOYEES

* ALLIED HEALTHCARE PRODUCTS- REDUCTION IN FORCE TO IMPACT EMPLOYEES OF ST. LOUIS, MISSOURI MANUFACTURING FACILITIES

* ALLIED HEALTHCARE PRODUCTS INC - REDUCTION IN FORCE WILL IMPACT CERTAIN EMPLOYEES OF ITS ADMINISTRATIVE OFFICES

Source text for Eikon: Further company coverage:

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

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