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RHONE-POULENC RORER RESTRUCTURING WILL RESULT IN $121 MIL. CHARGE

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Executive Summary

RHONE-POULENC RORER RESTRUCTURING WILL RESULT IN $121 MIL. CHARGE to second quarter pre-tax earnings or $79 mil. after taxes, the company announced June 22. The restructuring, which is a continuing effort begun in 1993, will include a reduction in force of 6% of the global workforce, or about 1,300 workers, more progress in the company's manufacturing "optimization" program worldwide and organizational streamlining in other areas. The company previously had announced that its goal was "to reduce its cost base (exclusive of R&D) by 4 percentage points of sales by 1997."

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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