Reading-based EnerSys, a stored energy solutions company, recently announced it will be reducing its nonproduction global workforce by 11 percent, approximately 575 employees. The cuts will be mostly corporate and management positions.
The cuts, when combined with other non-headcount-related actions, are expected to result in approximately $80 million in annualized savings.
The cuts are part of a strategic restructuring plan to better align resources with business priorities and long-term objectives. The company will discuss the plan in its fiscal first quarter 2026 earnings report that will be published Aug. 6 and during an earnings conference call scheduled for Aug. 7.
“Today’s actions, while difficult, are necessary for EnerSys to remain competitive in our markets,” Shawn O’Connell, EnerSys president and CEO, said. “We’ve spent the past six months listening, evaluating, and testing how we can best serve our customers, deliver stronger returns, and build a more agile organization. This decision reflects our commitment to those priorities, ensuring we have the right structure in place to operate more efficiently, optimize cross-functional collaboration, and deliver even greater value – for our customers and shareholders.”
The company expects the cuts to be completed by the end of the second quarter of fiscal 2026.
EnerSys serves customers in more than 100 countries.