TE Connectivity Ltd. disclosed Thursday that its board of directors has approved further restructuring efforts in a bid to contain costs in the sensor...
TE Connectivity Ltd. TEL disclosed Thursday that its board of directors has approved further restructuring efforts in a bid to contain costs in the sensor company’s transportation solutions, industrial solutions and communications solutions segments. The company anticipates that it will see total restructuring charges of $250 million during fiscal 2023, most of which will be related to employee termination benefits, according to a morning filing with the Securities and Exchange Commission.
TEL disclosed Thursday that its board of directors has approved further restructuring efforts in a bid to contain costs in the sensor company’s transportation solutions, industrial solutions and communications solutions segments. The company anticipates that it will see total restructuring charges of $250 million during fiscal 2023, most of which will be related to employee termination benefits, according to a morning filing with the Securities and Exchange Commission.
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