Invacare cuts 75 jobs, names new sales roles

Jul. 02, 2019 6:50 PM ETInvacare Corporation (IVC)By: Jason Aycock, SA News Editor
  • In a progress update on its transformation plan, Invacare (NYSE:IVC) says it's cut 75 jobs and changed some leadership in its sales organization.
  • The company named Joost Beltman VP - Sales and Marketing, North America. Most recently, he served as managing director of the Benelux and Italy regions.
  • It's also named Keith Brantly director of CRT sales; he's rejoining the company from Amoena USA.
  • Meanwhile, it's shed 75 associates in North America and Europe. The company expects pretax cash restructuring charges of about $0.6M in Q2 and $2.5M in Q3.
  • Once the workforce reduction is done, it expects $6.4M in annualized pretax savings: $3.3M in Europe, and the rest in North America.
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