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BRIEF-DDR streamlines organization

April 3 DDR Corp:

* DDR streamlines organization

* DDR Corp - changes will result in elimination of 65 existing positions

* DDR Corp- changes are expected to generate a stabilized annual reduction to recurring general and administrative expenses of approximately $6 million

* DDR Corp - expects that vast majority of its employees will remain based in Beachwood, Ohio headquarters locatio

* DDR Corp - G&A expenses exclude one-time charge to earnings of about $7.2 million associated with transition Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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