Date: Wednesday October 25, 2006 02:02:00 pm
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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.
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