Reuters logo
BRIEF-Stericycle Inc says co approved a restructuring plan to reduce headcount
November 16, 2017 / 1:19 PM / a month ago

BRIEF-Stericycle Inc says co approved a restructuring plan to reduce headcount

Nov 16 (Reuters) - Stericycle Inc:

* On November 14, co approved a restructuring plan to reduce headcount in connection with its business transformation​

* Expects to incur severance costs in range of about $7 to $10 million in connection with restructuring plan and recent headcount reductions​

* Severance costs will be accrued as a pre-tax charge in quarter ending December 31, 2017​

* Says ‍restructuring plan will impact about 335 employees, all of which are expected to require cash expenditures - SEC filing​ Source text : (bit.ly/2zKy2lx) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below