SubscribeLoginCustomer Service


ADVANCED SEARCH
Log In
Home
Blog
Free Samples
Conferences
Research
Databank
Current Issue
Archives
READER'S CHOICE
Most Popular Stories
• BMHC Posts $45.2M Loss for 3Q
• Construction Markets Outlook
• 3M Acquires Italian Manufacturer
• State of the Distribution Software Industry, Part 4: The Next Steps for Distributors
• Rexel Organic Growth at 1.6% Year-to-Date
HOME
ABOUT MDM
CONTACT US
CUSTOMER SERVICE
Copyright © 2008
Gale Media, Inc.
All Rights Reserved.
E-Mail This Article
Printer-Friendly Version
Untitled Document

Enter your email address below to receive our FREE weekly email, MDM Advisor, with industry news, trends and analysis for wholesale distribution executives.

September 30, 2008

Rockwell Automation Announces Restructuring

Rockwell Automation, Inc., Milwaukee, WI, announced a restructuring plan "to better align resources with growth opportunities and reduce costs in light of current and anticipated market conditions."
 
The plan is expected to generate costs savings of $75 million in fiscal 2009, growing to $85 million in 2010.
 
“These actions are consistent with the cost management approach we outlined in July. Although fourth quarter revenue is in line with expectations, we believe it is prudent to take steps to address our cost structure while continuing to invest to maintain our competitive differentiation and further strengthen our global presence," said Keith D. Nosbusch, CEO.
 
Restructuring includes: streamlining administrative and operations functions, realigning selling resources to the highest growth opportunities and consolidating business units. The company will reduce global headcount by about 3%.
 
Rockwell Automation, Inc., is a global manufacturer of industrial automation power, control and information solutions in more than 80 countries.

More Breaking News

  • Technology in Distribution 2009 webinar with Dr. Adam Fein
  • Free Sage Software Webcast: Profit Myths in Wholesale Distribution
  • Microsoft Dynamics® White Paper: Analyze Inventory for Success in Distribution
  • Earned Income Management in Foodservice – A Free White Paper from SAP
  • Infor's Distribution Success Stories: Secrets from Enterprising Distributors
  • Case study: RockySoft report- Six Steps to Effective Inventory Management
  • 4,200 distributors rely on Activant's technology solutions.
  • Click here to download this IBM Executive Information Kit

    • HOME PRIVACY COPYRIGHT SUBSCRIBE

    GALE MEDIA OUR PRODUCTS ADVERTISING