"Perrigo Implements Job Cuts and Efficiency Program for Sustainable Growth"
Perrigo, a health and wellness company, plans to lay off approximately 540 employees, which amounts to about 6% of its total workforce, as part of its "Project Energize" restructuring program aimed at generating annual pre-tax savings of $140 million to $170 million by 2026. The company, known for its strong presence in West Michigan, including its North American Corporate Headquarters in downtown Grand Rapids, is set to launch the program in the first quarter of 2024.