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BRIEF-Parexel International approved plan to restructure its operations on Jan. 6, 2017,
January 9, 2017 / 9:51 PM / 9 months ago

BRIEF-Parexel International approved plan to restructure its operations on Jan. 6, 2017,

Jan 9 (Reuters) - Parexel International Corp :

* Parexel international corp - on January 6, 2017, approved plan to restructure its operations - sec filing

* Parexel international corp - restructuring initiative is company-wide

* Parexel international - actions are expected to result in pre-tax charges in range of $25 - $35 million, all of which are anticipated to be cash expenditures

* Parexel international-charges will include about $24 million to $32 million in employee separation costs and approximately $1 million to $3 million in other costs

* Parexel international - expects to record a pre-tax charge in q3 of fiscal year ending june 30, 2017 in range of $20 million to $27 million

* Co anticipates completing restructuring activities by end of fiscal year 2018

* Parexel international corp - expects charges to result in annual pre-tax savings of approximately $7 million to $10 million over course of fiscal year 2017

* Parexel international - expects to record remainder of charges to be incurred by end of fiscal year ending june 30, 2018

* Parexel international corp - expects charges to result in approximately $30 million to $40 million on an annualized basis when plans fully completed Source text for Eikon: Further company coverage:

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