Traeger approves workforce reduction, suspends Provisions, postpones Mexico nearshoring; $6-7M pre-tax charges

Traeger, Inc.

Board approved workforce reduction, suspension of Traeger Provisions, and postponing nearshoring to Mexico.
Expects total pre-tax charges of $6.0-$7.0 million; $4.3-$5.0 million in future cash expenditures.
Severance and termination costs $3.9-$4.3 million; Mexico postponement costs $2.1-$2.7 million.
Actions expected to be substantially completed by Q3 of fiscal year 2022.

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