Medical waste company Stericycle, headquartered in Lake Forest, has laid off 335 employees as part of a restructuring plan, the company said Thursday in a regulatory filing.
The company approved a multiyear restructuring plan Tuesday to reduce its head count. Stericycle expects to spend about $7 million to $10 million on severance costs, according to the filing with the Securities and Exchange Commission.
Stericycle did not immediately respond Thursday to requests for comment. The company’s transformation is expected to take three to five years, according to a separate filing.
The company collects and processes medical and other waste for more than 1 million business...