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An attempt to prop up unprofitable plants could also mean higher prices for consumers.
Unprofitable plants are put out of their misery; unsuccessful products jettisoned.
He also shut down unprofitable plants and demoted the tin can, which, after his restructuring of the company, accounted for just a quarter of American Can's operating income.
Mr. McClure told Reuters that the decision on the split was a culmination of ArvinMeritor's three-year restructuring in which it closed unprofitable plants and shed its emissions unit, replacement auto parts business and other operations.
She led the company, known for its namesake breads and brands including Jimmy Dean and Hillshire Farm, through a restructuring, which shed unprofitable plants, jobs and units to focus on its core food business.
Clemmer said he agreed that new nuclear plants are enormously expensive but said there was a case for the US government to invest around $814m a year to keep existing unprofitable plants online, given the cleaner energy they provide.
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FOSTER WHEELER, Hamilton, Bermuda, a builder of refineries and power plants, will close an unprofitable plant in Dansville, N.Y.
LONDON — A labor action that began Monday at the huge Grangemouth refinery and petrochemical complex in Scotland could threaten the future of the unprofitable plant, analysts said.
Volkswagen's share price continued its upward trajectory after a senior executive said the company might close unprofitable parts plants and increase the working week in an effort to improve productivity by 30% over the next three years.
The Russian government, for example, keeps approximately 1,000 unprofitable steel plants open through subsidies.
Wallace will close unprofitable printing plants in Cleveland, Tampa, Fla., and Miami in the next two to three weeks.
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