DMC GLOBAL REDUCES WORKFORCE BY APPROXIMATELY ONE THIRD TO ADDRESS ECONOMIC DOWNTURN AND CONTRACTION OF CORE MARKET
DMC Global Inc. (BOOM)
Last dmc global inc. earnings: 4/23 04:05 pm
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Source: GlobeNewswire
BROOMFIELD, Colo., April 01, 2020 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today reported it has reduced its workforce by 264 positions, 97 of which were temporary workers. The reduction, which eliminated approximately one third of DMC’s workforce, was taken primarily to address sharply lower activity levels in the Company’s core oil and gas end market. The workforce reduction principally impacted full-time, part-time and temporary direct-labor roles in manufacturing and assembly at DynaEnergetics, DMC’s oilfield products business. Several general and administrative positions also were eliminated at DynaEnergetics, as well as at DMC’s corporate office, and at NobelClad, DMC’s composite metals business. Additionally, DynaEnergetics’ manufacturing facilities in the United States and Europe have transitioned to reduced work weeks. DMC expects to incur related cash severance costs of approximately $820,000 during the first quarter. A steep decline in energy demand has resu
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- SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in DMC Global Inc. of Class Action Lawsuit and Upcoming Deadlines - BOOMPR Newswire
- BOOM INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that DMC Global Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action LawsuitPR Newswire
- BOOM Class Action Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the DMC Global Inc. Class Action Accesswire
- The Schall Law Firm Invites Shareholder Contributions To A Securities Fraud Case Against DMC Global Inc.Accesswire
- Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DMC Global Inc. (BOOM)GlobeNewswire
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Earnings
- 11/4/24 - Miss
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Sec Filings
- 12/16/24 - Form 8-K
- 12/4/24 - Form 8-K
- 11/19/24 - Form 8-K
- BOOM's page on the SEC website