Brief: Hagerty Inc - On December 1, 2022, Hagerty Announced A Workforce Reduction Of Approximately 6% (103 Employees)

Hagerty

01/12/2022 13:50

Dec 1 (Reuters) - Hagerty Inc  HGTY.N :
    * HAGERTY INC - ON DECEMBER 1, 2022, HAGERTY ANNOUNCED A
WORKFORCE
REDUCTION OF APPROXIMATELY 6% (103 EMPLOYEES)
    * HAGERTY - EXPECTS TO REALIZE ANNUALIZED SAVINGS OF
APPROXIMATELY
$19 MILLION AS A RESULT OF BOTH REDUCTION IN FORCE AND VOLUNTARY
RETIREMENT PROGRAM
    * HAGERTY INC - EXPECTS TO REALIZE CHARGE OF ABOUT $11
MILLION,
PRIMARILY IN Q4, ASSOCIATED WITH THIS HEADCOUNT REDUCTION AND
VOLUNTARY RETIREMENT PROGRAM

Further company coverage:  HGTY.N 
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