Henry Schein announces layoffs as part of plan to save $75M to $100M
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Henry Schein Inc., Long Island’s largest public company by revenue, announced plans Tuesday to lay off an unspecified number of workers as part of a broader restructuring plan.
The company, a distributor of branded and private-label products for dentist and physician offices, said in a release announcing its second quarter financial results that the restructuring plan would save the company $75 million to $100 million annually.
In a statement, the company said the plan would also make the business more efficient and would help with recent acquisitions.
“Our announcement today reflects the continuation of Henry Schein’s ongoing companywide restructuring efforts to further increase efficiencies as well as to integrate recent acquisitions,” a Henry Schein spokesperson said in a statement.
