BUZZ-Greencore slumps on U.S. restructuring, guidance cut

(Repeats to additional subscribers)

** Convenience food maker's shares fall 23.5 pct to lowest in over four years, biggest one-day fall ever

** Company said it is restructuring its U.S. factory network to boost efficiency and address under-utilization

** Fresh production at Rhode Island factory, which represented about 4 pct of group U.S. manufacturing footprint, to stop on March 25

** Chris Kirke, CEO of Greencore U.S., is leaving

** Group CEO Patrick Coveney to take direct role in leadership of U.S. business, spending half his time there

** Greencore forecasts 2018 EPS of 14.7p-15.7p, versus market expectations 15.7p-16.6p

** Company sees restructuring charge of 3 million pounds