BRIEF-Terravia Holdings on March 29, 2017, took steps to decrease operating expenses through reduction in workforce of about 25 pct
March 29 Terravia Holdings Inc:
* Terravia Holdings -on March 29, 2017, took steps to decrease operating expenses through a reduction in workforce of approximately 25%
* Terravia Holdings - planned suspension of operations at peoria facility as it explores strategic opportunities to partner its algavia line of products
* Terravia Holdings Inc - as a result of cost-cutting actions, co anticipates a reduction in annualized cash operating expenses of at least $8.0 million
* Terravia Holdings - anticipates recording charge of about $2.0 million to $2.5 million primarily in first and second quarters of 2017 as result of initiatives
* Terravia Holdings Inc - company expects to complete majority of actions by end of Q2 of 2017 Source text (bit.ly/2occs4p) Further company coverage: