EMJ Announces Strategic Organizational Changes.Business Editors BREA, Calif.--(BUSINESS WIRE)--March 20, 2001 The Earle M. Jorgensen Co. ("EMJ EMJ Emergency Medicine Journal ") today announced strategic organizational changes. Maurice S Maurice, Byzantine emperor Maurice (môr`ĭs), c.539–602, Byzantine emperor (582–602). He was a successful general when, on his deathbed, Tiberius II, his father-in-law and the successor of Justin II, proclaimed him . Nelson Jr., EMJ's president and chief executive officer, stated: "Fiscal 2001 is expected to be another strong year for EMJ following three consecutive years of record operating results. "In order to continue realizing these kinds of results, we have implemented organizational changes including redeployment re·de·ploy tr.v. re·de·ployed, re·de·ploy·ing, re·de·ploys 1. To move (military forces) from one combat zone to another. 2. of key managers, and the elimination of certain administrative and management functions and personnel. We feel these changes will enable the company to better leverage its human capital, and provide a more efficient cost and management structure in fiscal 2002 and beyond. "Accordingly, our fiscal 2001 results will include a charge of approximately $4 million for costs to be incurred as the result of these changes. Moreover, we expect these changes will result in even greater levels of annual savings beginning in fiscal 2002. "These changes are consistent with other initiatives implemented over the past several years which have enabled EMJ to differentiate itself in the marketplace, and are representative of our commitment to be a leader in the metals distribution industry." EMJ, with headquarters in Brea, is one of the largest independently owned distributors of metal in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with 27 domestic service centers, three Canadian service centers, and five processing centers. EMJ inventories more than 30,000 sizes, shapes and grades of bar, sheet, plate, structurals, expanded metals, tubing and pipe in carbon, alloy steel, stainless steel, stainless, n a steel that contains a minimum of 12% chromium and approximately 0.5% carbon to resist corrosion. and specialty aluminum and steel. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future events or financial results. Actual events or results may differ materially subject to risks, uncertainties and other factors over which the company has no control. These factors and additional information are included in the company's reports on file with the Securities and Exchange Commission. |
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