Bio-Rad Laboratories on July 31, Initiated Restructuring Plan - SEC Filing - BIO News | RalliesBio-Rad Laboratories on July 31, Initiated Restructuring Plan - SEC Filing
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BIO• Bio-Rad initiates restructuring plan
- Bio-Rad Laboratories, Inc. said on July 31 it initiated a restructuring plan to improve operating performance, according to an SEC filing.
- The restructuring plan includes job cuts, function consolidation, and facility closures worldwide.
- Bio-Rad estimates pre-tax charges of $80 million to $90 million for the restructuring.
- The restructuring plan is expected to be substantially completed by the end of fiscal 2027.
- Bio-Rad Laboratories Inc. said it is reaffirming its full-year outlook.
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