Rockwell Automation, Inc., Milwaukee, WI, announced a restructuring plan to better align resources with growth opportunities and reduce costs in light of current and anticipated market conditions.”
The plan is expected to generate costs savings of $75 million in fiscal 2009, growing to $85 million in 2010.
“These actions are consistent with the cost management approach we outlined in July. Although fourth quarter revenue is in line with expectations, we believe it is prudent to take steps to address our cost structure while continuing to invest to maintain our competitive differentiation and further strengthen our global presence,” said Keith D. Nosbusch, CEO.
Restructuring includes: streamlining administrative and operations functions, realigning …
Rockwell Automation Announces Restructuring
Rockwell Automation, Inc., Milwaukee, WI, announced a restructuring plan to better align resources with growth opportunities and reduce costs in light of current and anticipated market conditions.”
The plan is expected to generate costs savings of $75 million in fiscal 2009, growing to $85 million in 2010.
“These actions are consistent with the cost management approach we outlined in July. Although fourth quarter revenue is in line with expectations, we believe it is prudent to take steps to address our cost structure while continuing to invest to maintain our competitive differentiation and further strengthen our global presence,” said Keith D. Nosbusch, CEO.
Restructuring includes: streamlining administrative and operations functions, realigning …
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