IHS Chemical Week

People & Business :: Companies

Ecolab Takes Cost-Cutting Measures

12:03 PM MST | January 15, 2009 | Vincent Valk

Ecolab (St. Paul, MN) announced a restructuring and cost-cutting plan that will involve cutting 1,000 jobs, or 4% of the company’s workforce, reducing the number of plants and distribution centers, and closing two healthcare businesses. The company will take restructuring charges of about $19 million for the fourth quarter of 2008 and $65 million to $75 million for 2009. Annualized cost savings of between $70 million and $80 million are expected as a result of these actions. Year-end earnings for 2008 are expected to be in the $1.85/share-$1.87/share range...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa