Mattel Says On Sept 14, Committed To Cost Savings Actions Not Included In Program To Optimize Manufacturing Footprint By Discontinuing Production At Plant Located In China
Portfolio Pulse from Benzinga Newsdesk
Mattel has announced that it will discontinue production at its plant in China as part of cost-saving measures not included in its program to optimize manufacturing footprint, according to a SEC filing.
November 09, 2023 | 5:49 pm
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Mattel's decision to discontinue production at its China plant could lead to cost savings, potentially improving the company's financial performance.
The discontinuation of production at the China plant is a cost-saving measure. This could reduce operational costs and potentially improve Mattel's financial performance, which could positively impact the company's stock price in the short term.
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