Pink Sheet is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

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

This article was originally published in The Tan Sheet

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 (RIF) of 6% globally for a loss of 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."
Advertisement

Topics

Advertisement
UsernamePublicRestriction

Register

PS082946

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel