BRIEF-Bemis Company estimated reduction of 8 pct of its global administrative workforce [Reuters]
BEMIS (BMS)
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Source: Reuters
BRIEF-Bemis Company estimated reduction of 8 pct of its global administrative workforce | Reuters Reuters Staff 2 Min Read Sept 12 (Reuters) - Bemis Company Inc: * Bemis Company - ? estimated reduction of 8 percent of its global administrative workforce, or 500 positions due to previously announced restructuring * Bemis Company Inc says ?in addition, company plans to consolidate certain administrative offices and take other actions - sec filing * Bemis Company Inc - company is targeting an annual savings run rate of $65 million by 2019, before taxes, from the 2017 plan ? * Bemis - ?now expects to incur total pre-tax restructuring expenses of $65 million-$75 million, total pre-tax other plan-related costs of $20 million-$30 million * Bemis company inc - ?plant closings are expected to be completed by end of 2019 * Bemis Company-total restructuring cash payments for 2017 plan estimated to be $50 million, with additional $20-$30 million in other plan-related cash payments * BEMIS COMPANY
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