Moore Becomes Less
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Judging from the postings on Yahoo's Message Board, Moore employees are worried—and with good reason. Burton has a history of cutting jobs and closing unprofitable divisions in pursuit of numbers that placate Wall Street.
It has begun at Moore with the announcement of a $100 million cost savings initiative. This has already resulted in the closing of Moore's Grand Island, N.Y., R&D facility and the promised elimination of 10 percent of Moore's 15,000 member workforce. It will in all probability continue beyond that with the sale or closure of facilities deemed unprofitable and additional reductions in the workforce.
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- Places:
- Grand Island
- U.S.
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