Brief: Societal Cdmo Announces Corporate Restructuring
20/09/2023 22:14
Societal CDMO Inc SCTL.O :
* SOCIETAL CDMO ANNOUNCES CORPORATE RESTRUCTURING
* SOCIETAL CDMO INC - SOCIETAL HAS REDUCED ITS WORKFORCE BY
26
POSITIONS (9%) ACROSS ALL ASPECTS OF BUSINESS, EFFECTIVE
SEPTEMBER 20, 2023
* SOCIETAL CDMO INC - MOVES ARE EXPECTED TO RESULT IN
ANNUALIZED
SAVINGS OF APPROXIMATELY $5.5 MILLION
* SOCIETAL CDMO INC - SOCIETAL HAS APPOINTED WAYNE WEISMAN,
OUR
CURRENT CHAIRMAN, AS EXECUTIVE CHAIRMAN OF BOARD OF DIRECTORS
Source text for Eikon: ID:nGNX6XplQZ
Further company coverage: SCTL.O
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