Cost reductions at Temple-Inland.Temple-Inland Temple-Inland, Inc. NYSE: TIN is an American paper, building products and financial services company based in Austin, Texas. It has approximately 19,500 employees. Its paper group operates under the name Inland Paperboard and Packaging Group Inc., Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas, USA, said it expects to save approximately US$ 35 million annually due to previously announced initiatives that include relocating the corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. packaging group's headquarters from Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. , to Austin, Texas, consolidating corporate administrative functions, and implementing a shared-services concept throughout the company. Temple-Inland believes it will begin to realize savings late in 2003 with the majority of savings in place and occurring in 2004. The initiatives will result in the elimination of approximately 200 jobs within staff and support functions. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion