Republic Services, Inc. Restructures Field and Corporate Operations
PHOENIX, Oct. 31, 2012
PHOENIX, Oct. 31, 2012 /PRNewswire/ --Republic Services, Inc. (NYSE:RSG)
today announced it has restructured its field and corporate operations to
create a more efficient and competitive company. These changes include
consolidating field regions from four to three and areas from 28 to 20,
relocating office space and reducing administrative staffing levels. Republic
expects to record expenses of approximately $30 million with respect to this
restructuring, approximately one-half of which will be incurred in the fourth
quarter of 2012. This restructuring is expected to reduce selling, general
and administrative expenses by approximately $23 million annually.
Commenting on the restructuring, Mr. Slager said, "We implemented this
realignment to leverage our strong leadership team and organizational
capabilities to refine how we operate. We have not made any changes to the
span of control at our business units, keeping the appropriate leadership
focus and decision making closest to our customers."
Republic is an industry leader in the U.S. non-hazardous solid waste
industry. Through its subsidiaries, Republic's collection companies, transfer
stations, recycling centers and landfills focus on providing reliable
environmental services and solutions for commercial, industrial, municipal and
residential customers. Republic and its employees believe in protecting the
planet and applying common sense solutions to customers' waste and recycling
Republic participates in investor presentations and conferences throughout the
year. Interested parties can find a schedule of these conferences at
republicservices.com by selecting "Calendar" on the investor relations page.
Audio and other presentations from earnings calls and investor conferences are
also available on the investor relations page of the website.
SOURCE Republic Services, Inc.
Contact: Media, Darcie Brossart, +1-480-718-6565, or Investors, Ed Lang,
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