SNDL Plans Restructuring Project Aimed At Reducing Corporate Overheads; Reveals Reduction Of 106 Full-time Employees
Portfolio Pulse from Benzinga Newsdesk
SNDL Inc. has announced a restructuring project aimed at reducing corporate overheads, which includes the reduction of 106 full-time employees. The project is expected to save over $20 million annually, with a one-time investment of $11 million over the next 18 months. Savings are expected to be realized by mid-2025, with some benefits starting in Q3 2024.
July 16, 2024 | 11:03 am
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SNDL Inc. is undertaking a restructuring project to reduce corporate overheads, including cutting 106 full-time employees. The project aims to save over $20 million annually, with a one-time investment of $11 million over 18 months. Savings are expected by mid-2025, with some benefits starting in Q3 2024.
The restructuring project is expected to significantly reduce corporate overheads and save over $20 million annually. This cost-saving measure is likely to positively impact SNDL's financial performance in the short term, starting from Q3 2024.
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