Printer Friendly

Cost reductions at Temple-Inland.

Temple-Inland Inc., Austin, Texas, USA, said it expects to save approximately US$ 35 million annually due to previously announced initiatives that include relocating the corrugated packaging group's headquarters from Indianapolis, Indiana, 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.
COPYRIGHT 2003 Paper Industry Management Association
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Worldwatch
Publication:Solutions - for People, Processes and Paper
Date:May 1, 2003
Words:84
Previous Article:Stora Enso orders new fiberlines.
Next Article:News on the web.
Topics:


Related Articles
Temple-Inland to buy Gaylord Container Corp.
IRS concludes Temple-Inland probe.
Temple-Inland gets improved S & P rating.
Icahn plans opposing slate of officers.
Temple-Inland acquires Caraustar's interest in Standard Gypsum.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters