Allegion Offers Details of Restructuring Plan for CISA in Italy

CISA S.P.A., a subsidiary of Allegion, plc

and a leader in locking systems and access control, announced to unions the intention to implement a restructuring plan at its operations in Italy. The plan aims to improve CISA's competitive position, ensure long-term viability and enhance customer experience. Details of the proposed restructuring were discussed with union representatives and government officials in a meeting in Rome on Tuesday. Allegion Senior Vice President and President of EMEIA Lucia Veiga Moretti stated, "While restructuring decisions are very difficult to make, they are necessary to create long-term sustainable business. I am confident that by simplifying and optimizing our supply chain, we will better serve our customer needs. We understand the social impact and are committed to working with the unions and the social parties to identify the best possible support for the employees involved." For more information, please refer to Allegion's filed 8-K, which can be found by visiting investor.allegion.com and selecting "SEC & Financial Reports."