Glatfelter plans 3-5% cuts in cost, due to Euro, 'weak economic climates'

摘要

Glatfelter expects a 3-5% workforce reduction this year that pres/CEO Dante Parrini expects will combine with "our continuous improvement initiatives" for generating $25 million to $35 million in savings this year for $1.8 billion in sales company. "We expect these measures will help to offset much of the impact: expected from lower Euro and weak economic climates in many of the regions we serve and will position us well for when these conditions improve," Pamni told analysts on Feb. 5.