Trinseo announces restructuring plan with $23-28M charges and workforce reduction

Trinseo PLC

Board approved restructuring plan on Sept 26, 2024 combining Engineered Materials, Plastics Solutions and Polystyrene businesses.
Expected pre-tax restructuring charges of $23-28 million, primarily severance and related benefit costs.
Anticipates $45-50 million annualized profitability improvement beginning in 2026 from restructuring initiatives.
Revised compensation for SVP Han Hendriks: annual bonus target increased to 85% of base salary for 2025.

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