Sinclair Broadcast Group, Inc. - Ordinary Shares - Class A

NASDAQ:SBGI  
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Layoffs, Other Pre-Announcement

Sinclair Broadcast Group Inc On March 3 Announced Enterprise-Wide Workforce Reductions

Published: 03/05/2021 21:21 GMT
Sinclair Broadcast Group, Inc. - Ordinary Shares - Class A (SBGI) - Sinclair Broadcast Group Inc - on March 3, Announced Enterprise-wide Workforce Reductions.
Sinclair Broadcast - Workforce Reduction Involves Termination of Approximately 500 Employees, Representing About 5% of Company's Employees.
Sinclair Broadcast Group Inc - Estimates That It Will Incur Approximately $7 Million of Restructuring and Related Charges.
Sinclair Broadcast Group - Expects to Realize About $38 Million of Annualized Pre-tax Savings.