Hyster-Yale Cuts 575 Jobs in Global Restructuring
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Hyster-Yale Inc. is implementing a global restructuring plan, cutting 575 jobs to reduce costs amid low industry volumes. This move will incur a $21 million pre-tax charge in Q4 2025 but is expected to save $40-$45 million annually from Q1 2026. The restructuring aims to enhance profitability by mid-2026.
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