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I haven't heard anything concrete about major restructuring across ITW. My impression is that they tend to manage efficiency at the divisional level quite independently. It's possible some units are always being looked at for optimization, but without any broad announcements, it's likely business as usual in most places. Keep an eye on divisional communications if you're concerned.
Interesting question. While I haven't picked up on any widespread restructuring talks either, it's true that ITW's decentralized model means changes often happen within specific segments. It wouldn't surprise me if certain underperforming or overlapping functions within a division were being reviewed for consolidation. However, without specific details, it's hard to say what's actually in the pipeline.