Link to Archive .ph
Henry Schein Inc., Long Island’s largest public company by revenue, announced plans Tuesday to lay off an unspecified number of workers as part of a broader restructuring plan.
The company, a distributor of branded and private-label products for dentist and physician offices, said in a release announcing its second quarter financial results that the restructuring plan would save the company $75 million to $100 million annually.
In a statement, the company said the plan would also make the business more efficient and would help with recent acquisitions.
“Our announcement today reflects the continuation of Henry Schein’s ongoing companywide restructuring efforts to further increase efficiencies as well as to integrate recent acquisitions,” a Henry Schein spokesperson said in a statement.
“Henry Schrein announced short term savings that will be swallowed right back up in a couple of years when they either need to hire back a lot of the workforce or face backlash from customers when their product quality declines. Or both!”