Retractable Tech reduces workforce 12.4%, expects $1.6M annual savings

RETRACTABLE TECHNOLOGIES INC

Workforce reduction of ~12.4% in manufacturing and support roles; one-time separation payments of ~$56k.
Expected annual savings of $1.6M in wages/benefits, or ~8.6% of total workforce costs.
Company balancing domestic production vs. reliance on Chinese imports and tariffs; ramping up Little Elm facility.
Company unable to predict future U.S. trade policy impact on its ability to import from China.

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