Federal Screw Works Announces a Plant Closing

Name	Symbol	Market	Type
Ft Fscr	LSE:FSCR	London	Exchange Traded Fund

Name

Symbol

Market

Type

Ft Fscr

LSE:FSCR

London

Exchange Traded Fund

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	-4.20	-0.24%	1,753.70	1,751.00	1,756.40				0	16:35:25

Price Change

% Change

Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Traded

Last Trade

-4.20

-0.24%

1,753.70

1,751.00

1,756.40

16:35:25

Federal Screw Works Announces a Plant Closing

07/03/2005 4:00pm

PR Newswire (US)

Ft Fscr (LSE:FSCR)
Historical Stock Chart

From Jun 2019 to Jun 2024

Federal Screw Works Announces a Plant Closing ST. CLAIR SHORES, Mich., March 7 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) announced today that it intends to close its Chelsea, Michigan manufacturing facility by April 30, 2005. Approximately 37 active employees are expected to be affected by the closing. The decision to close the Chelsea facility, constructed in 1917, came after careful consideration. The Company believes that this decision is necessary and in the best interests of the Company. The Company anticipates that the closing of the Chelsea facility will result in an estimated after-tax restructuring charge of $2.8 million in the current fiscal year. This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Words such as "believes," "expects," "anticipates," "guidance" and similar expressions are intended to identify forward-looking statements. Readers should note that these statements may be impacted by several factors, including national and local economic changes and changes in the economic conditions of the domestic auto manufacturing industry in general, as well as the Company's actual performance. Results may vary from those stated herein and the Company undertakes no obligation to update the information contained here. DATASOURCE: Federal Screw Works CONTACT: Federal Screw Works, +1-586-443-4200 Web site: http://www.federalscrew.com/

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