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VREX - Varex Imaging News Story

$11.8 -0.6  -5.1%

Last Trade - 21/09/20

Sector
Healthcare
Size
Mid Cap
Market Cap £359.9m
Enterprise Value £628.6m
Revenue £601.5m
Position in Universe 2991st / 6387

BRIEF-Varex Imaging Says Commenced Implementation Of Reduction In Workforce To Reduce Co's Operating Cost

Thu 30th July, 2020 12:33pm
July 30 (Reuters) - Varex Imaging Corp  VREX.O :
    * VAREX IMAGING - ON JULY 29,  COMMENCED IMPLEMENTATION OF
REDUCTION IN WORKFORCE TO REDUCE THE CO’S OPERATING COST
    * VAREX IMAGING - ACTION IS EXPECTED TO RESULT IN REDUCTION
OF
CO’S WORKFORCE BY ABOUT 94 EMPLOYEES, OF WHICH NEARLY ALL ARE
LOCATED WITHIN U.S.
    * VAREX IMAGING - EXPECTS TO COMPLETE THE REDUCTION IN
WORKFORCE
BY DECEMBER 31, 2020
    * VAREX IMAGING - ESTIMATES THAT CO WILL INCUR APPROXIMATELY
$2.5
TO $3.5 MILLION OF CASH EXPENDITURES IN CONNECTION WITH THE
REDUCTION IN WORKFORCE
    * VAREX IMAGING - EXPECTS TO RECOGNIZE THE MAJORITY OF THE
PRE-TAX
RESTRUCTURING CHARGES BY THE END OF THE COMPANY’S FISCAL YEAR
2020.

Source: https://bit.ly/3hRo2JT
Further company coverage:  VREX.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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