Please use a PC Browser to access Register-Tadawul
Wabash National to Idle Minnesota and Indiana Facilities, Cut Jobs
Wabash National Corporation WNC | 7.80 | +0.13% |
Wabash National Corporation has announced a corporate reorganization plan involving the idling of its facilities in Little Falls, Minnesota, and Goshen, Indiana. The initiative will result in the reduction of approximately 3 salaried and 53 hourly employees in Little Falls, and 21 salaried and 193 hourly employees in Goshen. The company expects total charges related to the reorganization to range from $15 million to $20 million, primarily due to asset impairment, with $1 million to $2 million in cash charges for associate-related and other exit costs. Most of these charges will be recorded in the fourth quarter of 2025 and the first half of 2026, with the process expected to be substantially completed by the end of the second quarter of 2026. Wabash National anticipates that these actions will lead to fixed cost reductions from 2026 onward. The reorganization does not involve the disposal or discontinuation of any business line.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wabash National Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000879526-26-000003), on January 05, 2026, and is solely responsible for the information contained therein.


