Coppell, Texas, July 10 - Mannatech, Inc., a leading developer and provider of dietary supplements and skin care solutions, announced it will immediately eliminate approximately 60 positions or roughly 15 percent of its United States workforce. As part of the company's strategic review, select Mannatech jobs will be eliminated in tandem with other discretionary expense reductions to reposition the company for improved profitability.
“Mannatech’s executive management team has made this difficult decision which will reposition the company for improved profitability and enhancement of shareholder value,” said Wayne Badovinus, president and CEO of Mannatech. “We have an opportunity to realize immediate efficiencies by streamlining projects and priorities that deliver the most value to our overall businesses and dedicated independent sales Associates around the world. We are committed to working with current and former employees as we move through this process. Our ultimate goal is to create a stronger, leaner organization that will restore domestic sales growth.”
Mannatech currently employs 449 in the corporate headquarters of Coppell, Texas, and 613 worldwide.