SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Item 2.05 Costs Associated with Exit or Disposal Activities.
On September 27, 2019, Meritor, Inc. (the “Company”) approved and began executing a restructuring plan to reduce salaried and hourly headcount globally. This restructuring plan is intended to reduce labor costs in response to an anticipated decline in most global truck and trailer market volumes. With this restructuring plan, the Company expects to incur approximately $20 million in employee severance costs across both of its reportable segments. Restructuring actions associated with this plan are expected to be substantially complete by the end of the first quarter of fiscal year 2020.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Date: September 30, 2019||By:||/s/ April Miller Boise|
|April Miller Boise|
|Senior Vice President, Chief Legal Officer &|