. has restructured its operations, reducing its number of territories and cutting staff.
The Phoenix-based company is cutting its number of organizational regions to three from four, and organizational areas to 20 from 28, according to a news release. The company said it is reducing administrative staffing levels but did not say how many employees would be laid off. It also is reallocating office space.
Republic expects to record expenses of approximately $30 millionfrom the restructuring, approximately half of which will be incurred in the fourth quarter, The company expects the restructuring to reduce selling, general and administrative expenses by about $23 millionannually.
"We implemented this realignment to leverage our strong leadership team and organizational capabilities to refine how we operate,” said Don Slager, president and CEO. “We have not made any changes to the span of control at our business units, keeping the appropriate leadership focus and decision making closest to our customers."
In July Houston-based. said it is restructuring its operations to cut costs, reduce management layers and eliminate about 700 jobs.