WASHINGTON (dpa-AFX) - Invacare Corp. (IVC) on Wednesday announced a restructuring initiative that includes a reduction to its workforce of about 150 associates and 40 temporary associates from the North America/Home Medical Equipment, Institutional Products Group and Asia/Pacific segments.
The move is expected to generate $14 million to $15 million in annualized pre-tax savings when fully instituted in 2015.
Due to the realignment, the company expects to incur restructuring charges not to exceed $6 million on a pre-tax basis.
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