Milwaukee Electric Tool Announces Restructuring.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--October 23, 2001 Atlas Copco-owned Milwaukee Electric Tool Corporation has announced a restructuring plan to improve production workflow and competitiveness. Milwaukee's plans include relocation of selected manufacturing and assembly responsibilities. "The restructuring means that we will concentrate most of our manufacturing to the Mississippi - Arkansas area with Jackson becoming the hub of our southern plants," said Daniel Perry, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Milwaukee Electric Tool Corporation. Approximately 130 employees from the Brookfield Plant and 50 employees from the Jackson Plant will be affected by the relocation of production to a new facility in Greenwood, Mississippi Greenwood is situated in Leflore County, Mississippi at the eastern edge of the Mississippi Delta, approximately 96 miles north of Jackson, Mississippi, and 130 miles south of Memphis, Tennessee. The population was 18,425 at the 2000 census. . The program will be combined with capital expenditures to renew and rationalize production. Better workflow, logistics, savings in manpower, and lower labor cost will pay back the investment within two years. "This project will after completion enable us to shorten lead times, increase efficiency and make us overall more competitive," said Perry. The company expects some staff reductions through early retirement and natural attrition. In addition, whenever possible, qualified employees whose jobs are eliminated at one facility will be offered the opportunity to relocate to another Milwaukee facility where new jobs are created. The restructuring should begin in the next 60 days and be completed by July 31, 2002. Milwaukee is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturer of heavy-duty electric tools and accessories with its corporate headquarters and a manufacturing plant in Brookfield, Wisconsin
Brookfield is a city in Waukesha County, Wisconsin, United States. The population was 38,649 at the 2000 census, but the city's population recently exceeded 40,000 people. . The company has 2075 employees. Manufacturing facilities are also located in Kosciusko and Jackson, Mississippi Jackson is the capital and the most populous city of the U.S. State of Mississippi. It is one of the county seats of Hinds County; Raymond is the other county seat. As of the 2000 census Jackson's population was 184,256. ; and Blytheville, Arkansas Blytheville is a city and the county seat of Mississippi County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 16,638.[1] Blytheville was founded in 1879 by the Rev. Henry T. Blythe, a Methodist preacher. , with a distribution center in Olive Branch, Mississippi Olive Branch is a city in DeSoto County, Mississippi, United States. It is the ninth largest city in Mississippi. Olive Branch is a suburb of Memphis, Tennessee. The city is situated at the intersection of the U.S. . Milwaukee offers more than 400 different tool models including drills, circular saws, grinders, reciprocating saws and rotary hammers. In addition, more than 3,500 Milwaukee accessories are available such as reciprocating saw blades, hole saws, wood boring bits, diamond core bits, and others to support tool products. Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden. In 2000, the Group had revenues of US$5 billion, with 98 percent of revenues outside Sweden, and about 26,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressed air compressed air, air whose volume has been decreased by the application of pressure. Air is compressed by various devices, including the simple hand pump and the reciprocating, rotary, centrifugal, and axial-flow compressors. equipment and generators, construction and mining equipment, and assembly systems, and offer related services and equipment rental. More information is available at www.atlascopco-group.com. |
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