Brief: Viavi Solutions Inc Approved A Restructuring And Workforce Reduction Plan
02/02/2023 22:02
Feb 2 (Reuters) - Viavi Solutions Inc VIAV.O :
* VIAVI SOLUTIONS INC - ON FEBRUARY 1, THE COMPANY APPROVED
A
RESTRUCTURING AND WORKFORCE REDUCTION PLAN
* VIAVI SOLUTIONS INC - EXPECTS ABOUT 5% OF GLOBAL WORKFORCE
TO BE
AFFECTED, ESTIMATES TO INCUR CHARGES OF ABOUT $15 MILLION IN
CONNECTION WITH THE PLAN
* VIAVI SOLUTIONS INC - ANTICIPATES RESTRUCTURING AND
WORKFORCE
REDUCTION PLAN TO BE SUBSTANTIALLY COMPLETE BY THE END OF FISCAL
2023
Further company coverage: VIAV.O
((Reuters.Briefs@thomsonreuters.com;))