IFF · 8-K · 20260804PR000032
Headcount / Restructuring
INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 59 · Surprise 82 · In source text
Restructuring and other charges were $4 million in the first quarter of 2026, down from $15 million in the first quarter of 2025. The charges primarily related to the IFF Productivity Program, including severance, fixed-asset write-downs, and site-closure expenses. Strategic initiative costs were $9 million in the first quarter of 2026, including costs for portfolio optimization and the expanded Global Business Services reorganization. Entity realignment costs were $1 million in the recast first quarter of 2026, compared with $1 million in the recast first quarter of 2025.
Key facts
- 2026 strategic initiative costs include expanding GBS reorganization to customer service, supply chain and logistics and efforts to automate processes and expand use of AI source
- Restructuring and other charges for the three months ended March 31, 2026: $4 million source
- Restructuring and other charges for the three months ended March 31, 2025: $15 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | — | 2026 strategic initiative costs include expanding GBS reorganization to customer service, supply chain and logistics and efforts to… |