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Zebra Technologies' Previously Disclosed Exit and Restructuring Plans Likely To Entail Charges of $105M With Net Annualized Expense Savings Of $100M, Up From Prior $85M

Author: Benzinga Newsdesk | October 31, 2023 06:38am

Cost Initiatives

As previously announced, the Company is executing on the 2022 Productivity Plan and initiated a Voluntary Retirement Plan to generate cost efficiencies. Both of these Exit and Restructuring plans are expected to be substantially complete in 2023. The total charges are expected to be approximately $105 million, and the net annualized expense savings resulting from these actions is expected to total approximately $100 million, an increase from $85 million.

Posted In: ZBRA


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