BRIEF-Avaya Holdings Corp Says Co Authorized Reduction In Force With Respect To Employees In Europe

Reuters

2023-01-14

Jan 13 (Reuters) - Avaya Holdings Corp :

* AVAYA HOLDINGS CORP - ON JAN 11, 2023 CO AUTHORIZED A REDUCTION IN FORCE WITH RESPECT TO ITS EMPLOYEES IN EUROPE

* AVAYA HOLDINGS CORP - REDUCTION IN FORCE IS AIMED AT ALIGNING SIZE OF CO'S WORKFORCE WITH ITS OPERATIONAL STRATEGY AND COST STRUCTURE

* AVAYA HOLDINGS CORP - CO ESTIMATES IT WILL INCUR ABOUT $45 MILLION TO $51 MILLION IN PRE-TAX RESTRUCTURING CHARGES IN CONNECTION WITH THIS REDUCTION IN FORCE

Further company coverage:

((reuters.briefs@thomsonreuters.com;))

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