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Workforce and Portfolio Actions
As part of our ongoing efforts to align our cost structure and improve operational efficiency, the Company plans to reduce its North America and Corporate workforce by approximately 850 positions, representing roughly 11% of our North American and Corporate teams, by year end 2025. In addition, we have initiated a strategic review of our European segment and continue to simplify our portfolio to better serve customers and operate more cost effectively. These are incredibly difficult decisions, and we deeply appreciate the dedication and contributions of all of our colleagues. However, given the significant macroeconomic headwinds, these actions are necessary to ensure the long-term health of the business and will strengthen the Company's competitive position going forward.
Posted In: JELD
