EnerSys cuts ~575 jobs (11% of non-production workforce); expects $80M annualized savings

EnerSys

Approximately 575 employees (11% of non-production global workforce) to be cut, primarily in corporate and management roles.
One-time charges estimated at $15M-$20M, mostly cash severance, expected in Q2 and Q3 of fiscal 2026.
Annualized savings of ~$80M expected, with $30M-$35M realized in fiscal 2026; savings starting in Q3.
Actions expected to be substantially complete by end of Q2 fiscal 2026; part of broader strategic plan under new CEO Shawn O'Connell.
Further details to be discussed during Q1 fiscal 2026 earnings report on August 6-7, 2025.

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