XRAY - Dentsply Sirona in organizational restructuring including up to 10% headcount reduction
- Dentsply Sirona ( NASDAQ: XRAY ) will undergo a organization restructuring that will save an anticipated $200M-$225M annually in cost savings.
- The dental products and technologies company will implement five global business units with the aim of aligning the product portfolio with its growth strategy.
- As a result of the restructuring, Densply Sirona ( XRAY ) expects to incur $165M in non-recurring charges .
- Over the last year, the company's shares are down ~37% .
- Stephen Simpson, who rates Dentsplay Sirona a hold, said that the company could see gains if new management is able to improve operations .
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Dentsply Sirona in organizational restructuring including up to 10% headcount reduction