L.B. Foster Continues Enterprise Restructuring
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster is continuing its enterprise restructuring program to reduce costs and invest in growth platforms. The restructuring, expected to be completed in the second half of 2024, will impact approximately 40 salaried employees and is projected to save $4.5 million annually.
August 06, 2024 | 12:07 pm
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L.B. Foster is undergoing a restructuring program expected to save $4.5 million annually and impact 40 salaried employees. The restructuring will be completed in the second half of 2024.
The restructuring program is expected to result in significant cost savings, which is positive for the company's financial health. However, the impact on employees and associated charges may have short-term negative effects.
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