Temple-Inland to reduce costs.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 TO REDUCE COSTS. Temple-Inland 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, has announced several initiatives in its 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 converting operation: * The company will reduce costs by implementing organizational changes and eliminating approximately 300 positions before the end of 2003. Annual savings of approximately US$ 20 million will occur in 2004. * The company will further lower costs and improve profitability over the next eighteen to 24 months by consolidating converting facilities, eliminating additional positions, and improving asset utilization utilization, n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be . These initiatives will result in additional annual cost savings of US$ 40 million. |
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