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Harvard Bioscience Announces Action to Improve Operational Efficiency and Support Ongoing Investments in Growth
HBIOHarvard Bioscience(HBIO) Newsfilter·2024-04-09 13:00

HOLLISTON, Mass., April 09, 2024 (GLOBE NEWSWIRE) -- Harvard Bioscience, Inc. (NASDAQ:HBIO) today announced a labor force reduction to improve its operating cost structure and support its ongoing investments in growth. The Company expects to realize overall annual run rate savings of approximately 4millionbeginninginthesecondquarterof2024.TheCompanyalsoexpectssecondquarterrestructuring−relatedchargesofapproximately4 million beginning in the second quarter of 2024. The Company also expects second quarter restructuring-related charges of approximately 0.5 million. Jim Green, Harvard Bioscience Chairman and CEO, said, "We re ...