secwatch.observer — SEC 8-K summary
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Issuer:     Avaya Holdings Corp. (—)
CIK:        0001418100
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001418100-23-000003
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 2.05
LLM model:  deepseek-v4-flash:cloud@v2

Avaya cuts European workforce; estimates $45-51M restructuring charges
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- European RIF authorized Jan 11, 2023; charges entirely cash-based, primarily employee severance.
- Estimated pre-tax restructuring costs of $45-51 million, all expected in fiscal 2023.
- Company may implement additional workforce reductions and other cost actions.
- Ongoing constructive discussions with financial stakeholders to strengthen balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418100/000141810023000003/0001418100-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418100/000141810023000003/avya-20230111.htm
  HTML page:      https://secwatch.observer/filing/0001418100-23-000003

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