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#Bassett Furniture Initiates Strategic Downsizing Amid Ongoing Restructuring Efforts

Summary by csimarket.com
In a significant move aimed at recalibrating its business operations, Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced an array of workforce reductions on November 20, 2024. This decision comes as the company grapples with ongoing financial challenges and aims to align its cost structure with the current pace of business. By enacting a combination of layoffs and retirements, Bassett anticipates savings of approximately $2.5 million an…
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