A Charlotte-based industrial company that has seen multiple high-level executive departures in recent months is now cutting expenses and conserving cash. NN Inc. (NASDAQ: NNBR) will eliminate its quarterly dividend and streamline in other areas in an effort save $32 million a year. The company aims to use those savings to pay down and restructure debt in order to improve its cash flow and reinvest in the business, according to a statement released this week. “NN has a strong portfolio of businesses…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/10/25/new-leadership-at-charlotte-manufacturer-ushers-in.html?ana=RSS&s=article_search
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