*NEWS*U.STATIONERS RESTRUCTERS OPERATIONS

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*NEWS*U.STATIONERS RESTRUCTERS OPERATIONS

 user 2006-10-25 at 2:02:00 pm Views: 66
  • #16612

    United Stationers restructuring US operations
    October
    2006 — Deerfield (IL): United Stationers’ board of directors has
    approved a restructuring plan of its US operations to achieve 12 -15
    percent EPS growth.The company will extend its War on Waste initiatives
    across the business to reduce its cost structure.The initiatives aim to
    reduce the cost structure by simplifying processes, increasing
    operating efficiency, achieving productivity improvements and reducing
    corporate overheads.The restructuring is expected to result in a Q4
    pre-tax charge for one-time employment termination benefits between $4
    million and $8 million.Employees have been informed of job cuts that
    will be made largely by the end of the year.