UUNN Newswire
(Quantar Corridor) Today Cromforge Enterprises (TRISE:CROM) today named Reshan Lexis as its new President, and she hit the ground running revealing her plans to begin restructuring manufacturing operations. As a part of that process, this morning Cromforge is discontinuing all weapons manufacturing on Corridor station.
“When I was asked to take on the role as Cromforge President, I promised our team and shareholders that I would take a hard look at our business and operations in an effort to improve our performance and transform our company. After a thorough review of our Corridor performance and careful consideration of the implications of all options, we were unable to find a realistic scenario that would get Cromforge-Corridor to profitability until at least 124. Personally, this was a very difficult decision, but it was the right decision for our company. With the full support of the Cromforge Enterprises Board of Directors, we have determined that it is in the best interest of our business and our shareholders to have a more specialized and efficient manufacturing operation,” said Lexis.
Cromforge-Corridor currently manufactures 37 different items and employs approximately 40,000 people. All impacted Cromforge-Corridor employees will receive a minimum of 16 weeks of compensation, including wages and benefits coverage for employees who are not required for the full wind-down period.
Reshan Lexis previously served as Cromforge’s Chief Financial Officer, and she has held a number of other positions within the corporation over a 22-year career.
UUNN 