April 23, 2018 / 3:29 PM / a month ago

BRIEF-Stanley Black & Decker Recognized $22.3 Mln Of Net Severance Charges In March Qtr

April 23 (Reuters) - Stanley Black & Decker Inc:

* STANLEY BLACK & DECKER SAYS RECOGNIZED $22.3 MILLION OF NET SEVERANCE CHARGES RELATED TO REDUCTION OF ABOUT 406 EMPLOYEES IN MARCH QUARTER - SEC FILING

* EXPECTS RESTRUCTURING ACTIONS TO RESULT IN ANNUAL NET COST SAVINGS OF ABOUT $19 MILLION BY THE END OF 2019 Source text for Eikon: Further company coverage:

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