Chester County News and Community Website
READING, PA — EnerSys (NYSE: ENS) announced a significant workforce reduction this week, eliminating approximately 575 corporate and management positions—about 11% of its non-production global workforce—as part of a sweeping …
EnerSys to Cut 575 Corporate Jobs in Strategic Restructuring Move Read More
HARRISBURG, PA — Attorney General Dave Sunday has announced a pivotal agreement concerning the future of the Crozer Health system following a high-level meeting hosted by the Office of Attorney …
Your Local Healthcare Lifeline: Critical Breakthrough Secures Crozer Health’s Future Amid Crisis Read More
WASHINGTON, D.C. — The Social Security Administration (SSA) has unveiled a comprehensive restructuring plan aimed at streamlining operations, reducing costs, and ensuring a sharper focus on mission-critical services. This initiative …
SSA Unveils Drastic Overhaul to Sharpen Focus on Public Service Read More
WASHINGTON, D.C. — The Social Security Administration (SSA) has outlined plans for a comprehensive agency-wide restructuring initiative aimed at realigning resources and addressing inefficiencies. This initiative includes significant workforce reductions, …
SSA Launches Bold Restructuring Plan with Workforce Cuts and Early Retirement Options to Transform Public Service Read More
PHILADELPHIA, PA — Carisma Therapeutics Inc. (Nasdaq: CARM) announced a strategic realignment of its resources, discontinuing the development of its CT-0525 program and reducing its workforce by 34%. These decisions are …
Carisma Therapeutics Refocuses Strategy, Reduces Workforce Amid Pipeline Reprioritization Read More
WAYNE, PA — Trinseo (NYSE: TSE) has unveiled a series of restructuring initiatives aimed at strengthening the company’s growth potential and financial performance. Beginning October 1, 2024, Trinseo will consolidate the …
Trinseo Announces Strategic Restructuring to Enhance Growth and Profitability Read More
WEST CHESTER, PA — Verrica Pharmaceuticals Inc. (Nasdaq: VRCA) announced a strategic restructuring aimed at reducing costs and broadening the reach of YCANTH®, its treatment for molluscum contagiosum.
Verrica Pharmaceuticals Streamlines Operations to Enhance YCANTH Access Read More
MALVERN, PA — Vishay Intertechnology, Inc. (NYSE: VSH) has announced a series of restructuring measures designed to optimize its manufacturing operations and streamline decision-making processes as part of its Vishay 3.0 …
Vishay Intertechnology Restructures for Growth Under Vishay 3.0 Strategy Read More
MALVERN, PA — Endo, Inc. recently announced the successful acquisition of substantially all assets of Endo International plc (“EIP”), following the latter’s emergence from Chapter 11 bankruptcy. This strategic acquisition, …
Endo, Inc. Completes Asset Acquisition from Endo International, Eyes Growth Post-Restructuring Read More MALVERN, PA — Endo, Inc., a newly established entity, recently unveiled plans to secure new senior secured credit facilities totaling $1.65 billion. The ambitious financial package is comprised of a …
Endo Inc. Announces Major Financing Move with $1.65 Billion in New Credit Facilities Amid Restructuring Read More