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"This is part of a restructuring program the company announced in April," Brad Morton, vice president and general manager of Honeywell Advance Circuits, said yesterday.
The Plexus Corporation, a contract manufacturer whose annual sales have declined for two straight years, is closing a plant in Bothell, Wash., as part of a restructuring program.
International Paper said yesterday that it would cut 3,000 jobs, or 10percentt of its domestic work force, as part of a restructuring program.
EM.TV, the German entertainment company, said yesterday that it was considering selling the Jim Henson Company as part of a restructuring program.
The quarterly performance was hurt by a charge of 192 million Canadian dollars associated with the layoffs and with other cost-cutting moves that were part of a restructuring program that was announced in September.
But BP is also cutting jobs as part of a restructuring program announced last year.
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R.B.S. is in the middle of a restructuring program that is to reduce its balance sheet by about 20percentt.
As part of a restructuring plan announced last May, Nissan said it would squeeze costs out of its parts firms.
On Tuesday, Adobe said it would lay off 750 employees as part of a restructuring plan.
In January, the company announced the closure of 14 stores as part of a restructuring plan to boost online sales.
Lexmark, a computer printer maker, plans to cut as many as 900 jobs, or 8.2percentt of its work force, as part of a companywide restructuring program.
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