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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.
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Title Annotation:Worldwatch
Publication:Solutions - for People, Processes and Paper
Date:May 1, 2003
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