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For the quarter, Weyerhaeuser took charges of $41 million, or 24 cents a share, for closing facilities, restructuring and settling litigation.
Among the reforms that require it are ending Saturday mail delivery, consolidating rural offices and regional sorting facilities, restructuring employee benefits, even raising stamp prices by a single penny.
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The nation's largest assisted living provider, Alterra HealthCare of Minneapolis, which owned more than 500 facilities, began restructuring early this year.
The Postal Service said it expects large losses to continue unless it sees results from a plan to close thousands of facilities and restructure its healthcare program.
With traditional pharma companies closing facilities and restructuring, "a job with a company like Bayer no longer means you will stay there the rest of your life," says Gerhard Müller, senior vice president for medicinal chemistry for Mercachem.
For all of our aggressive efforts to streamline our businesses and to reduce our expenses, including the consolidation of production facilities, the restructuring of our newspaper distribution and the Board's decision to reduce our dividend, we felt that it was essential to take this step to further control our costs during these hard times.
When Europe faced similar problems in the 1990's, older, uneconomic facilities were closed, restructured and consolidated.
The New York State Department of Health is giving the capital grant to the corporation to help it improve its efficiency by restructuring and reconfiguring facilities, and consolidating operations that are in several buildings.
Twitter has since shuttered its engineering facility in Bangalore as part of restructuring that saw nine percent of its staff laid off.
Gov. Tim Kaine Democrat of Virginia Last fall, we restructured prison facilities, closing older and smaller facilities to become more efficient.
In addition, AMGN faced $634 million3(3% of revenue) in non-recurring expenses due to restructuring, damage to one of its facilities from Hurricane Maria, and write-downs.
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