this post was submitted on 28 Feb 2024
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The health and wellness company announced Tuesday in a release that “restructuring activities … are expected to result in the net reduction of approximately 6% of total Perrigo roles.”

With about 9,000 Perrigo employees, according to the company’s website, this means about 540 jobs will be cut. The company has a strong presence in West Michigan, with its North American Corporate Headquarters in downtown Grand Rapids and locations in Ottawa and Allegan counties.

The restructuring is part of “Project Energize,” a three-year program that the company describes as “a global investment and efficiency program.” By 2026, Perrigo expects the project to produce $140 million to $170 million in annual pre-tax savings, according to the release.

Project Energize was scheduled to launch in the first quarter of 2024, the release says.

Perrigo unveiled its North American Corporate Headquarters, located on Grand Rapids’ Medical Mile, in June 2022. The company’s North American operations were previously based in Allegan.

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