Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Less Bounce At Rubbermaid


In Business This Week

LESS BOUNCE AT RUBBERMAID

RUBBERMAID, ONCE A HIGH-flier, has joined the restructuring parade. The plastic products maker has been hit this year by higher raw-materials costs and weak retail demand, as well as management turnover and frayed relations with customers. On Dec. 5, Rubbermaid said it would take a $94 million aftertax charge and slice 9% of its jobs to try to save $50 million a year. Long a marketing paragon, the Wooster (Ohio) company now is focusing more on efficient production and distribution. It acknowledged that earnings will significantly trail last year's and said it may buy back more shares.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus