Barnes Group Inc., Bristol, CT, an international aerospace and industrial components manufacturer and logistical services company, reported several actions undertaken in 2008 to address deteriorating economic conditions and improve performance of its global business segments.
During the fourth quarter of 2008 our entire organization continued to proactively anticipate and adapt to the unprecedented changes affecting all of our businesses as a result of the tumultuous economy, said Gregory F. Milzcik, president and CEO. “Given the deceleration in global demand for our products and services we took numerous actions to improve our overall cost structure, enhance our manufacturing footprint, and strengthen our global operations.
A freeze on all …
Barnes Group Reports Company Cost-Saving Measures
Barnes Group Inc., Bristol, CT, an international aerospace and industrial components manufacturer and logistical services company, reported several actions undertaken in 2008 to address deteriorating economic conditions and improve performance of its global business segments.
During the fourth quarter of 2008 our entire organization continued to proactively anticipate and adapt to the unprecedented changes affecting all of our businesses as a result of the tumultuous economy, said Gregory F. Milzcik, president and CEO. “Given the deceleration in global demand for our products and services we took numerous actions to improve our overall cost structure, enhance our manufacturing footprint, and strengthen our global operations.
A freeze on all …
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