Akzo.
Akzo has devised a major reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. expected to increase
the company's profitability and efficiency. A February 1, 1992
start date has been set for the merger of the Salt and Basic Chemicals
Division with the Chemicals Division. Projected completion date is
January 1, 1993, at which time Akzo will have four remaining business
groups - Chemicals, Coatings, Fibers and Pharma. To give the business
units more responsibility, shorten (audio, compression) Shorten - A form of lossless audio compression. lines of communication "Lines of Communication" is an episode from the fourth season of the science-fiction television series Babylon 5. Synopsis
Franklin and Marcus attempt to persuade the Mars resistance to assist Sheridan in opposing President Clark. and optimize
corporate synergies, only one level of authority - the corporate
management holding - will be placed over the business unit. Effective
May 1, 1992< the board of management will be expanded to six - the
chairman and deputy chairman and the four group presidents. The
reorganization will result in some job losses and possible divestment divestment to strip one's investment from an entity. of
activities that cannot be converted to positive-operating units.
COPYRIGHT 1992 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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