Six Flags Entertainment Corp (SIX)

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$SIX Flags cutting full-time workforce by 10%
Oct. 13, 2020 5:21 PM ETSix Flags Entertainment Corporation (SIX)By: Jason Aycock, SA News Editor2 Comments

Six Flags (NYSE:SIX) says in an SEC filing that it's committed to reduce its full-time workforce by 10% as part of transformation productivity initiatives.
That reduces the workforce by about 240 employees.
Shares are up 0.7% after hours.
Six Flags doesn't expect to incur material charges in the action.
As for severance pay offers and outplacement services, the company expects to record severance costs of about $1.5M in Q3 and about $3M in Q4.