Brief: Board Of Directors Of Itron Approved A Restructuring Plan

Itron

27/02/2023 13:56

Feb 27 (Reuters) - Itron Inc  ITRI.O :
    * FEBRUARY 23, 2023, BOARD OF DIRECTORS OF ITRON APPROVED A
RESTRUCTURING PLAN
    * ITRON ESTIMATES PRE-TAX RESTRUCTURING CHARGES OF $40-45
MILLION
    * 2023 PROJECTS INCLUDE ACTIVITIES THAT CONTINUE CO'S
EFFORTS TO
OPTIMIZE ITS GLOBAL SUPPLY CHAIN AND MANUFACTURING OPERATIONS
    * 2023 PROJECTS INCLUDE ACTIVITIES THAT CONTINUE ITRON'S
EFFORTS
TO OPTIMIZE ITS SALES AND MARKETING ORGANIZATIONS, AND OTHER
OVERHEAD
    * ITRON ESTIMATES $14-17 MILLION IN ANNUALIZED SAVINGS
    * THE PROJECTS ARE TO BE SUBSTANTIALLY COMPLETE BY EARLY
2025


Further company coverage:  ITRI.O 

 ((Reuters.Briefs@thomsonreuters.com))