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AstroNova Implements Restructuring Actions To Generate $3M In Annualized Savings; Plan Includes Reduction Of 10% Of Global Workforce
AstroNova, Inc. +0.09%
AstroNova, Inc. ALOT | 0.00 |
As part of this initiative, AstroNova has cut approximately 70% of the MTEX product portfolio, phasing out low-volume, low-profit models and prioritizing higher-margin products that capitalize on the Company's consumables business.