MeadWestvaco Corp., Richmond, VA, will be taking broad actions to address current economic challenges, including eliminating 2,000 positions – about 10% of its workforce – by the end of the year. The manufacturer of packaging products also will close or restructure 12 to 14 manufacturing locations and reducing overhead expenses.
We have been taking aggressive steps over the past several months to help ensure we perform in today’s uncertain environment, and are poised to take advantage of the stronger, more stable periods that are sure to come, said John A. Luke, Jr., CEO.
MWV will generate overhead savings through corporate and business staff reductions worldwide, lower discretionary spending, and a decrease in …
MeadWestvaco Announces Elimination of 2,000 Positions
MeadWestvaco Corp., Richmond, VA, will be taking broad actions to address current economic challenges, including eliminating 2,000 positions – about 10% of its workforce – by the end of the year. The manufacturer of packaging products also will close or restructure 12 to 14 manufacturing locations and reducing overhead expenses.
We have been taking aggressive steps over the past several months to help ensure we perform in today’s uncertain environment, and are poised to take advantage of the stronger, more stable periods that are sure to come, said John A. Luke, Jr., CEO.
MWV will generate overhead savings through corporate and business staff reductions worldwide, lower discretionary spending, and a decrease in …
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