Brief: Harvard Bioscience Approves Restructuring Program

Harvard Bioscience

23/12/2019 22:10

Dec 23 (Reuters) - Harvard Bioscience Inc  HBIO.O :
    * HARVARD BIOSCIENCE - ON DEC 17, BOARD APPROVED A
RESTRUCTURING
PROGRAM TO SUPPORT DELIVERY OF ITS STRATEGIC ACTION PLAN
COMMUNICATED IN SEPT 2019
    * HARVARD BIOSCIENCE - RESTRUCTURING PROGRAM WILL BE
IMPLEMENTED
BEGINNING IN CURRENT QUARTER AND OVER 2020
    * HARVARD BIOSCIENCE - RESTRUCTURING PROGRAM WILL ENTAIL
CONSOLIDATING AND DOWNSIZING SITES AND OTHER HEADCOUNT
REDUCTIONS IN EUROPE & NORTH AMERICA
    * HARVARD BIOSCIENCE - RESTRUCTURING PROGRAM IS EXPECTED TO
BE
COMPLETED BY END OF 2020
    * HARVARD BIOSCIENCE -  RESTRUCTURING PROGRAM TO DELIVER 
ANNUALIZED RUN-RATE SAVINGS OF $4.0 MILLION TO$5.0 MILLION

Source : (https://bit.ly/2ZiSowG)
Further company coverage:  HBIO.O 

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