DENTSPLY SIRONA (XRAY) has shared an announcement.
In a strategic move to enhance performance and shareholder value, a company has announced a restructuring plan aimed at reducing its global workforce by 2-4% and incurring $40-$50 million in restructuring charges. The plan is expected to generate annual savings of $80-$100 million upon completion by the end of 2025, although these figures are subject to change based on various factors. Additionally, executive reshuffles are underway, with the elimination of the Executive Vice President, Chief Business Officer role and the resignation of the Vice President, Chief Accounting Officer, whose duties will be temporarily covered by the Chief Financial Officer.
Find detailed analytics on XRAY stock on TipRanks’ Stock Analysis page.
