PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Register Now for D+D 2014

Paint and Coatings Industry News

Main News Page


Eastman Taking Cost Reduction Actions

Friday, January 30, 2009

Comment | More

Eastman Chemical Company (Kingsport, TN), which makes chemicals and other materials for coatings and related applications, announced a series of actions the company is taking in response to the current economic conditions. The company plans to reduce its costs in 2009 in excess of $100 million, with $80 million of that coming from labor-related costs.

 

A few of the actions planned include eliminating 2009 wage and salary increases, permanent change to the U.S. vacation policy on days carried over, eliminating overtime, reduced use of contractors and part-time labor, and reducing management staff.

 

The reduction in management staff was recently completed and will result in a restructuring charge of $5 million during the fourth quarter. The company’s locations outside of the U.S. are taking similar actions to reduce labor costs.

   

Tagged categories: Cost-savings

Comment Join the Conversation:

Sign in to our community to add your comments.

JPCL Europe
Special EMEA edition!

Now, the publisher of JPCL offers essential news and knowledge for protective and marine coatings professionals in Europe, the Middle East and Africa: www.jpcleurope.com


Rapid Prep, LLC
Nation Wide Equipment Rentals

Rapid Prep, LLC is a full service provider of sandblasting & all other surface preparation equipment, with 60 years of experience within the industrial painting industry.


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


Minerals Research & Recovery
PREMIUM SLAG ABRASIVES

Visit mrrinc.com. Companies specializing in abandonment and decommissioning projects have discovered that Sharpshot® 20X50 copper slag is an ideal product for subsea waterjet cutting.
Call Steve: 520-297-4626


Fischer Technology Inc.
Gauges Meet IMO-PSPC & SSPC-PA2 Requirements

• USB or optional Bluetooth
• Custom inspection reports
• Excellent on edges & rough surfaces; Optimum accuracy
• Largest selection of probes to meet challenging situations
Call Fischer: 800-243-8417


CS Unitec
Surface Prep Tools for Hazardous Conditions

CS Unitec's Trelawny™
line of surface prep tools
is safe and efficient for
use in marine & protective coatings applications including Ex Zones & Hot Work Zones.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com