Teleflex Incorporated

NYSE:TFX   4:00:00 PM EDT
+0.19 (+0.08%)
Debt Financing / Related, Restructuring / Reorganization

Teleflex Inc Initiates Strategic Restructuring Plan

Published: 11/21/2022 23:39 GMT
Teleflex Incorporated (TFX) - Teleflex Inc- on Nov 15, 2022, Teleflex Incorporated Initiated a Strategic Restructuring Plan.
Teleflex Inc- Plan Primarily Involves Relocation of Certain Manufacturing Operations to Existing Lower-cost Locations.
Teleflex Inc- Actions Are Expected to Be Substantially Completed During 2023.
Teleflex Inc- Plan Primarily Involves Streamlining of Various Business Functions Across the Organization and Related Workforce Reductions.
Teleflex- Estimates Will Incur Aggregate Pre-tax Restructuring, Restructuring Related Charges in Connection With 2022 Restructuring Plan of $31 Million to $40 Million.
Teleflex Inc- Currently Expects to Begin Realizing Plan-related Savings in 2023.