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THE PETER J. SCHMITT CO., INC. ANNOUNCES DOWNSIZING

 THE PETER J. SCHMITT CO., INC. ANNOUNCES DOWNSIZING
 WEST SENECA, N.Y., March 20 /PRNewswire/ -- The Peter J. Schmitt


Co., Inc. today announced the downsizing and elimination of 115 positions or approximately five percent of its total work force. The job reductions involve employees in all of Schmitt's corporate and distribution locations.
 Peter J. Schmitt has operating divisions in North Jackson and Youngtown, Ohio; Erie, Pa.; and Buffalo and Rochester, N.Y. Of the positions eliminated, approximately 55 came from the Buffalo operations and 40 from North Jackson. The remaining reductions involve employees in Erie, Rochester, and Youngstown. Schmitt officals views this reduction as one of the last steps in a restructuring and streamlining process designed to make the company more competitive for the 1990s.
 Schmitt employees affected by today's decision will be provided with transitional assistance including immediate enrollment in a company sponsored job counseling and placement program.
 -0- 3/20/92
 /CONTACT: Jack Mitchell (Buffalo), 716-821-1595 or Gary Sanders (Eastern Ohio and Pennsylvania), 216-538-6765, both of Peter J. Schmitt Co., Inc./ CO: Peter J. Schmitt Co., Inc. ST: New York IN: SU:


KK -- CL011 -- 0099 03/20/92 12:39 EST
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Publication:PR Newswire
Date:Mar 20, 1992
Words:193
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