Brief: Vecima Announces Cost Restructuring

Vecima Networks

09/12/2024 22:16

Dec 10 (Reuters) - Vecima Networks Inc  VCM.TO :
    * VECIMA ANNOUNCES COST RESTRUCTURING, SHARPENING FOCUS ON
PROFITABLE GROWTH
    * VECIMA NETWORKS INC - UNDERTAKEN A WORKFORCE
REORGANIZATION OF
APPROXIMATELY 12 PERCENT
    * VECIMA NETWORKS INC - RESULTING WORKFORCE REDUCTION
EXPECTED TO
DELIVER ANNUALIZED SAVINGS OF ABOUT $17.5 MILLION, STARTING FROM
H2 FISCAL 2025
    * VECIMA NETWORKS INC - EXPECTS TO RECORD RELATED
REORGANIZATION
COSTS OF ABOUT  $3.0 MILLION IN Q2 FISCAL 2025

Source text:  urn:newsml:reuters.com:*:nBwbYXs9pa
Further company coverage:  VCM.TO 

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