NEW YORK (Thomson Financial) - Sept 23 (Reuters) - Accuride Corp:
* Announces leadership transition and restructuring initiatives to improve
competitiveness
* Says workforce reduction of approximately 11%,
* Sees one-time Q3 restructuring charges of approximately $14.3 million
* Says William M. Lasky appointed interim president and CEO following the
resignation of John R. Murphy
* Says William Lasky appointed interim president and CEO following the
resignation of John R. Murphy
* Sees estimated annual cost savings of about $27.5 million
* Reaffirms adjusted EBITDA guidance for 2008, excluding charges, at the low
end of previously announced range of $85 - 100 million
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223
8780))
Chuck Mikolajczak
cm
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