BOSTON, May 8 (Reuters) - U.S. railroad car maker FreightCar America Inc said on Thursday that it would take a charge of $20 million to $24.5 million after an arbitrator ruled that it was liable for back pay and benefits to workers at a Johnstown, Pennsylvania, factory that it said in December 2007 it intends to close.
It said the charge would reduce earnings per share by $1.11 to $1.32 for the quarter ended March 31. (Reporting by Scott Malone, editing by Gerald E. McCormick)
Sign in to access
this Article
"FreightCar sees up to $24.5 mln charge in dispute" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
