Brief: Viavi Solutions Inc - Approved A Restructuring And Workforce Reduction Plan

Viavi Solutions

17/06/2024 23:39

Viavi Solutions Inc  VIAV.O :
    * VIAVI SOLUTIONS INC - APPROVED A RESTRUCTURING AND
WORKFORCE
REDUCTION PLAN
    * VIAVI SOLUTIONS INC - ESTIMATES IT WILL INCUR SEVERANCE
AND
TERMINATION BENEFITS CHARGES OF APPROXIMATELY $15 MILLION IN
CONNECTION WITH PLAN
    * VIAVI SOLUTIONS INC - ANTICIPATES PLAN TO RESULT IN
APPROXIMATELY $25 MILLION IN ANNUALIZED COST SAVINGS
    * VIAVI SOLUTIONS INC -COMPANY EXPECTS ABOUT 6% OF ITS
GLOBAL
WORKFORCE TO BE AFFECTED
    * VIAVI SOLUTIONS INC - EXPECT CONSERVATIVE SPEND
ENVIRONMENT TO
PERSIST FOR REMAINDER OF CALENDAR YEAR 2024

Source text for Eikon:  ID:n0000912093-24-000046 
Further company coverage:  VIAV.O