Edition:
India

Bio Rad Says It Initiated Strategy-Driven Restructuring Plan On November 21


Tuesday, 26 Nov 2019 

Nov 25 (Reuters) - Bio Rad Laboratories Inc ::BIO RAD LABORATORIES INC SAYS ON NOVEMBER 21, CO INITIATED STRATEGY-DRIVEN RESTRUCTURING PLAN - SEC FILING.BIO RAD LABORATORIES - RESTRUCTURING PLAN INCLUDES WORKFORCE REDUCTION, PRIMARILY IN EUROPE, WHICH CO ANTICIPATES TO BE SUBSTANTIALLY COMPLETED BY END OF Q2 OF 2020.BIO RAD LABORATORIES - ESTIMATES WILL INCUR ABOUT $27 MILLION IN TOTAL COST AS RESULT OF RESTRUCTURING.BIO RAD LABORATORIES SAYS ANTICIPATES THAT IT WILL RECORD MAJORITY OF RESTRUCTURING CHARGES IN Q4 OF 2019.BIO RAD LABORATORIES - EXPECTS SIGNIFICANT PORTION OF NET SAVINGS RESULTING FROM RESTRUCTURING PLAN WILL BE REPURPOSED IN ALIGNMENT WITH CO'S PORTFOLIO STRATEGY. 

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