Servcorp Limited (ASX:SRV) announced the closure of 12 locations in the USA by way of reorganisation. These locations include:
- Atlanta (2)
- Boston (1)
- Dallas (2)
- Los Angeles (2)
- Miami (1)
- Philadelphia (1)
- San Francisco (2)
- Washington DC (1).
Other than these locations, the company has presence in the USA at Chicago (2), Houston (2), New York (5) and Washington DC (1).
Servcorp expects the one-off, cash cost of the reorganisation to be A$5.5 million. Effective 26 June 2020 the reorganisation shall cause in the deconsolidation of the associated legal entities.
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