Date: March 7, 2002
Source: News Room
Waste Management has announced plans to alter its structure in order to better align its collection, transport, recycling and disposal resources with its market areas. The plan eliminates one management layer and reduces the company¹s total workforce by approximately 2,000 people, or 3.5 percent. The company expects to record expenses of approximately $75 million on a pre-tax basis related to the new organizational structure. The company expects the plan to result in annual savings of approximately $100 million once it is fully implemented. The company expects the new structure to yield a number of benefits, among them clearer accountability and responsibility for business performance and profitability in specific markets; simplification of structure; cost savings through consolidation of duplicate administrative and other support functions; improved utilization of operating assets; and better customer responsiveness.
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