Project Energize will be initiated in Q1 2024, subject to local law and consultation requirements, and is expected to deliver an annualized pre-tax savings in the range of $140 million to $170 million by 2026. The Company expects to reinvest $40 million to $60 million of these savings to drive its blended-branded business model. Restructuring and related charges associated with these actions are estimated to be in the range of $140 million to $160 million, including $20 million to $40 million in investments to enhance capabilities and are expected to be substantially incurred by the end of 2026
Perrigo Will Launch 'Project Energize' Investment And Efficiency Program In Q1 2024 To Drive Its One Perrigo Sustainable, Value Accretive Growth Strategy ; Restructuring Is Expected To Impact Approximately 6% Of Perrigo Roles
Company Profile
Tue. 27 Feb 2024, 6:35am ET
Benzinga
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