Ansell Limited
(ASX:ANN) has flagged a number of initiatives to offset adverse currency fluctuations and economic uncertainty in some developed and emerging markets.
The gloves and condoms maker plans to close some office and warehousing locations and transfer back room roles to shared service centres in lower cost locations.
The company will also look at cost reduction and rationalisation to improve performance of certain non-core product lines and a limited realignment of its sales force.
As a result Ansell expects to book a one off charge of $17 million but realise annualized pre-tax benefits of $15 million from FY17 with about half of this amount expected in FY16.
Ansell reported a net profit of $108 million in the first half of the 2015 financial year.
