Retractable Tech reduces workforce 7%, saves $1.6M/yr; shift from China due to tariffs

RETRACTABLE TECHNOLOGIES INC

Workforce reduced ~7%; annual savings of $1.6M in wages/benefits (7.8% of workforce costs).
One-time separation payments of ~$300k; 72% of reduction targets G&A, rest manufacturing.
Move driven by tariffs on Chinese imports; company to increase US manufacturing at Little Elm facility.
Company unable to predict future US trade policy or impact on imports from China.

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