Nov 24 (Reuters) - Austin Engineering Ltd ANG.AX :
* Rationalisation of East Coast operations ANG.AX
* Closure expected to reduce the company's annual operating costs by $2.8M
* Rationalisation of its four east coast operations, through closure of its Brisbane manufacturing facility in Carole Park, Queensland
* Says total closure cost of $1.7M of which $0.3M has already been provided for in leave provisions
* There will be no impact on the ability to meet its customers' needs in both the short and long term as a result of this rationalisation"
* Says will retain the flexibility to re-open the Brisbane manufacturing facility depending on future market conditions
* Source text for Eikon ID:nASX5rQCLb