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BRIEF-Performance Sports Group announces additional corporate restructuring

Published 2016-08-02, 04:56 p/m
© Reuters.  BRIEF-Performance Sports Group announces additional corporate restructuring

Aug 2 (Reuters) - Performance Sports Group Ltd PSG.TO

* Will have reduced its workforce by approximately 15% since close of its fiscal year 2016

* Says estimates annualized savings of approximately $5.9 million in salary and associated benefits

* Performance sports announces additional corporate restructuring

* Reducing its workforce across several areas and levels of organization.

* Says expects to record severance expense of approximately $2.8 million in first half of fiscal 2017 Source text for Eikon: ID:nCCN50Qjjs Further company coverage: PSG.TO

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