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Actionable news in WBC: WABCO HOLDINGS Inc,

Costs Associated with Exit or Disposal

On September23, 2015, WABCO Holdings Inc. (the Company) announced proposals, in accordance with applicable local labor laws and regulations, to cease manufacturing at its facilities in Meppel, the Netherlands and Claye-Souilly, France which could result in a total reduction in workforce of approximately 320 positions. Both facilities make conventional mechanical components.

The Company expects to incur approximately $55 to $70million in costs associated with these actions, including approximately $45to $60million of net cash costs. Of these costs, the Company expects approximately $40 to $55 million to be related to employee separation costs with the remainder related to equipment write-offs, production moves and other administrative costs under the proposals. These ranges ar e estimates and may change based on the outcome of the consultation processes. The Company currently anticipates the majority of the cash costs relating to these proposals will be incurred in fiscal years 2016 and 2017 and are estimated to be approximately $25 to $30 million in 2016 and approximately $15 to $20 million in...


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