Teleflex (NYSE:TFX) said today that it plans to lay off workers and consolidate operations as it looks to save $12 million to $16 million a year, nearly 2 years after announcing a similar plan to cut costs.
Wayne, Pa.-based Teleflex said it hopes the plan, slated to begin during the 2nd quarter, will begin delivering savings in 2017 and be mostly complete by the end of the next year. The company said it plans to relocate some plants and relocate or outsource some distribution.
