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BRIEF-Endo to restructure manufacturing network
July 21, 2017 / 12:48 PM / 4 months ago

BRIEF-Endo to restructure manufacturing network

July 21 (Reuters) - Endo International Plc:

* Endo to restructure manufacturing network

* Endo to restructure manufacturing network

* Endo International Plc - closure of facilities is expected to take place over next 12 to 18 months

* Endo International Plc - ‍restructuring actions are expected to reduce endo’s workforce by approximately 875 positions​

* Says ‍Huntsville location has been impacted by declining volumes of commoditized products​

* Endo International Plc - ‍restructuring actions to result in pre-tax restructuring charges of approximately $325 million​

* Endo International Plc - remaining estimated non-cash charges consist primarily of accelerated depreciation of approximately $165 million

* Endo International Plc - Endo expects to realize approximately $55 million to $65 million in annual net run rate pre-tax cost savings by Q4 of 2018

* Endo International - ‍expects to realize approximately $55 million to $65 million in annual net run rate pre-tax cost savings by Q4 of 2018 from restructuring​

* Endo International Plc - ‍company will be ceasing operations and closing its manufacturing and distribution facilities in Huntsville, Alabama​ Source text for Eikon: Further company coverage:

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