B/E Aerospace to take $30m after-tax charge associated with cost reduction program

Posted on 21 Sep 2015 by Aiden Burgess
The B/E Aerospace Diamond family of aircraft cabin seats - image courtesy of B/E Aerospace.

B/E Aerospace has announced that it will take a $30m after-tax charge for the third quarter which is associated with its cost deduction program.

One of the world’s largest manufacturers of aircraft cabin interior products plans to close several facilities, cut 450 jobs and consolidate certain product lines as part of its cost reduction program. The total after-tax charges for the associated cost-cutting activities is expected to be $30 million. The tax charges recognised by B/E Aerospace reflect costs associated…

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