Company leaders anticipate substantially completing the domestic portion of the restructuring now through March. The European streamlining is expected to be completed over the next two years.
When all actions are done, savings are expected to be approximately $30 million annually. Savings in 2014 are expected to exceed $8 million, excluding restructuring charges. Restructuring charges are expected to be about $50 million, with $15-$20 million to be incurred in the next few months.
These cuts are the most made by leaders at one time, but the announcement continues a Hill-Rom pattern of downsizing. Twenty-four positions in Batesville were cut in March 2012. About 160, primarily in salaried positions, including 30 here, were let go globally in April 2010.