Li-Cycle Provides Organizational Structure Update
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Business Wire
Li-Cycle to transition from regional to centralized management model to increase efficienciesLi-Cycle expected to generate approximately $10 million in cost savings on an annualized basis through workforce reduction TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, today provided a business update regarding its organizational structure.As part of its previously disclosed ongoing comprehensive review and Cash Preservation Plan, which includes organizational right-sizing and right-shaping, the Company has made the strategic decision to transition from its regional management structure to a centralized model to better position the Company for future success and increase efficiencies.Ajay Kochhar, Li-Cycle President and CEO, commented: “We are recalibrating our organizational structure to better align with the more focused priorities of Li-Cycle. We believe that a centralized mod
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LICY
Earnings
- 11/13/23 - Miss
LICY
Sec Filings
- 5/3/24 - Form 144
- 5/3/24 - Form 4
- 4/29/24 - Form 8-K
- LICY's page on the SEC website