FLIR Systems is closing several facilities in the U.S. and Europe, in a move the company says will cur cost and streamline efficiency.
“The realignment includes closing up to six not-to-scale sites in the United States and Europe and a proposed transfer of those operations to larger FLIR facilities,” said an announcement by FLIR, which is based in Wilsonville, Ore. “FLIR also intends to consolidate its optics and laser manufacturing businesses to better realize the benefits of vertical integration in these areas.”
FLIR estimates the changes will save $20 million per year. The company expects to record a pre-tax restructuring charge of $27 million to $30 million in the fourth quarter of 2013. The FLIR announcement did not mention job cuts.
“The realignment of operations announced today is the culmination of a strategic operations review we began this past summer to further enhance operating efficiency and profitability and to improve our internal execution with better communication, collaboration, and cooperation across the company,” said FLIR CEO Andy Teich.