Coherent Corp. disclosed Tuesday that it expects to record $150 million to $200 million in charges related to a restructuring plan approved last week. The...
Coherent Corp.
disclosed Tuesday that it expects to record $150 million to $200 million in charges related to a restructuring plan approved last week. The engineered materials and opto-electronics components company said the restructuring includes site consolidations, the moving and closing of facilities and the relocation of certain manufacturing facilities, and will be coupled with other cost cutting measures, “as part of a transformation to a simpler, more streamlined” business model.
disclosed Tuesday that it expects to record $150 million to $200 million in charges related to a restructuring plan approved last week. The engineered materials and opto-electronics components company said the restructuring includes site consolidations, the moving and closing of facilities and the relocation of certain manufacturing facilities, and will be coupled with other cost cutting measures, “as part of a transformation to a simpler, more streamlined” business model.
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