Miller Industries (MLR) announced that it will reduce its workforce by approximately 150 positions across three manufacturing facilities as part of a comprehensive cost reduction plan designed to enhance operational efficiency and ensure the company’s long-term success. This workforce reduction reflects ongoing challenges in the market, including reduced retail sales and lower order intake. The company believes these actions will strengthen the company’s competitive position as market conditions improve.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLR:
