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Restructuring provisions (See Chapter 7 of the Vernimmen)
Restructuring provisions consist in taking a heavy upfront charge against Earnings in a given year to cover a restructuring programme (site closures, redundancies, etc.). The Future costs of this restructuring program are eliminated through the gradual write-back of the provision, thereby smoothing Future Earnings performance. Restructuring provisions are also called restructuring charges.
Restructuring provisions (See Chapter 7 of the Vernimmen)
Restructuring provisions consist in taking a heavy upfront charge against Earnings in a given year to cover a restructuring programme (site closures, redundancies, etc.). The Future costs of this restructuring program are eliminated through the gradual write-back of the provision, thereby smoothing Future Earnings performance. Restructuring provisions are also called restructuring charges.
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