Retractable Technologies cuts workforce 22%, expects $1.7M annual savings

RETRACTABLE TECHNOLOGIES INC

Workforce reduced by approximately 22%, mainly in production, operations, and logistics.
Annualized payroll savings of ~$1.7M (13% of payroll); separation costs ~$154K.
Company states it will maintain current domestic production levels after the reduction.

item 8.01 item 9.01

RETRACTABLE TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-23-037542

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