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Culp Announces Broad Restructuring Plan Primarily Focused On Mattress Fabrics Segment Reduce The Number Of Associates By ~240 People, Representing Around 35% Of The Segment’s Total Workforce, Expected To Generate $10M-$11M In Annualized Cost Savings

Expect to achieve $10.0 - $11.0 million in annualized savings and operating improvements with restructuring initiativesExpect a return to break even operating results at current industry demand levels post

CULP