Vishay Intertechnology (NYSE: VSH) has announced restructuring actions to optimize its manufacturing footprint and streamline business decision-making as part of its Vishay 3.0 growth strategy. The plan includes: The company expects pre-tax cash charges of $38-42 million, primarily for severance costs. Once fully implemented by the end of 2026, Vishay anticipates annual cost savings of at least $23 million, with $12 million in SG&A expenses. Immediate annual cost savings of about $9 million are expected, with approximately $12 million in annual savings beginning Q1 2025.