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The action will include a work force reduction in the Charlotte plant and will affect approximately 200-300 employees. The 22-year-old company declined to comment on specifics of the work force reduction, but Jevens said local cuts were between 50 and 80 workers, comprising regular and contract employees. The Company estimates that the total aggregate charge for the base severance payments associated with this work force reduction is approximately $285,000. |
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