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The latest update is out from Flex Ltd (FLEX).
In an effort to enhance operational efficiency, a company has announced a restructuring plan aimed at reducing workforce and optimizing manufacturing operations, with anticipated charges between $75 million to $125 million during the upcoming fiscal year. Separately, Michael D. Capellas has chosen not to seek re-election to the company’s Board of Directors, a move unrelated to any disagreements with company policies. William D. Watkins is set to take over as Chair of the Board after the upcoming Annual General Meeting, assuming his re-election.
For detailed information about FLEX stock, go to TipRanks’ Stock Analysis page.
