---
schema_version: "secwatch.filing_event.v1"
accession: "0000103730-24-000110"
form_type: "8-K"
ticker: "VSH"
cik: "0000103730"
company_name: "VISHAY INTERTECHNOLOGY INC"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T01:59:15.057270+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vishay announces restructuring with $38-42M charges, targets $23M annual savings by 2026

## Summary
- Pre-tax cash charges of $38-42 million, primarily severance, expected mostly in 3Q 2024.
- Workforce reduction of approximately 795 employees: 170 SG&A, 365 direct labor from facility closures, and 260 from manufacturing changes.
- Closure of three facilities: Diodes back-end Shanghai, China by end of 2026; Resistors in Fichtelberg, Germany and Milwaukee, WI by 2026.
- Annualized cost savings of at least $23 million once fully implemented by end 2026; immediate savings of $9 million, additional $12 million from Q1 2025.
- Restructuring is part of Vishay 3.0 growth strategy to optimize manufacturing footprint and streamline decision making.

## SEC filing metadata
- accession: 0000103730-24-000110
- form_type: 8-K
- ticker: VSH
- cik: 0000103730
- company_name: VISHAY INTERTECHNOLOGY INC
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/103730/000010373024000110/0000103730-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/103730/000010373024000110/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000103730-24-000110
- JSON: https://secwatch.observer/filing/0000103730-24-000110.json
- Plain text: https://secwatch.observer/filing/0000103730-24-000110.txt

## Key facts
- Restructurings & Charges
  VISHAY INTERTECHNOLOGY INC announced a restructuring with charges of approximately $38 to $42 million affecting SG&A functions, Diodes segment back-end facility in Shanghai, China; Resistors segment facilities in Fichtelberg, Germany and Milwaukee, Wisconsin; various manufacturing operations (severance payments to approximately 170 employees, or 6% of the SG&A workforce; reduce its direct labor by approximately).
  - Type: restructuring
  - Charge: approximately $38 to $42 million
  - Affected area: SG&A functions, Diodes segment back-end facility in Shanghai, China; Resistors segment facilities in Fichtelberg, Germany and Milwaukee, Wisconsin; various manufacturing operations
  - Headcount: severance payments to approximately 170 employees, or 6% of the SG&A workforce; reduce its direct labor by approximately
  source text: production transfers, which will result in severance payments to an additional approximately 260 employees. The Company expects to incur pre-tax cash charges of approximately $38 to $42 million, primarily related to severance costs, as a result of these programs, mostly in 3Q 2024. Once the program is fully implemented by the end of 2026, Vishay expects
  evidence_url: https://www.sec.gov/Archives/edgar/data/103730/000010373024000110/0000103730-24-000110-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.