Brief: Origin Materials Announces Organizational Streamlining To Support Priority Initiatives

Origin Materials

20/11/2023 21:13

Nov 20 (Reuters) - Origin Materials Inc  ORGN.O :
    * ORIGIN MATERIALS ANNOUNCES ORGANIZATIONAL STREAMLINING TO
SUPPORT PRIORITY INITIATIVES
    * ORIGIN MATERIALS INC- RESTRUCTURING CHARGES IN CONNECTION
WITH
ROUGHLY 30% WORKFORCE REDUCTION
    * ORIGIN MATERIALS INC - SEES THAT IT WILL INCUR
APPROXIMATELY
$2.7 MILLION IN RESTRUCTURING CHARGES IN CONNECTION WITH ROUGHLY
30% WORKFORCE REDUCTION
    * ORIGIN MATERIALS INC- EXPECTS WORKFORCE CHANGES TO BE
LARGELY
COMPLETED TODAY, NOVEMBER 20, 2023

Source text for Eikon:  ID:nBw7RBpMDa 
Further company coverage:  ORGN.O 

 ((Reuters.Briefs@thomsonreuters.com;))