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Modine Plans Korea Staff Buyouts
Modine Manufacturing(MOD Quote) offered a voluntary early retirement program to workers at its Asan City, South Korea facility.
The company said the facility employs 272 salaried workers and about 13% have accepted the early retirement package.
The initiative will result in the company taking a charge of about $2.5 million in the fourth quarter ended March 31, it said. ...
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