Featured Product

Newell Rubbermaid Cuts 3,000 Jobs

May 4, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
Freeport, Ill. (AP) -- Hurt by the weakened global economy and resulting retail slowdown, housewares and consumer products maker Newell Rubbermaid Inc. announced plans last week to cut 3,000 jobs, or about 6% of its work force, according to the Associated Press.

The disclosure of job cuts came as the company reported a 50 percent drop in first-quarter earnings and warned that second-quarter and full-year earnings will fall short of expectations, sending its stock down sharply, the press release said.

The job cuts will be done over three years and are part of a streamlining initiative, under which Newell Rubbermaid will consolidate some manufacturing plants. The plan is expected to save more than $100 million annually, the company said.

The plan will result in $250 million to $300 million in restructuring and other charges over the next three years, the company said.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

Podcasts

Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo