19 October 2006 — Deerfield (IL): United Stationers’ board of directors has approved a restructuring plan of its US operations to achieve 12 -15 percent EPS growth.
The company will extend its War on Waste initiatives across the business to reduce its cost structure.
The initiatives aim to reduce the cost structure by simplifying processes, increasing operating efficiency, achieving productivity improvements and reducing corporate overheads.
The restructuring is expected to result in a Q4 pre-tax charge for one-time employment termination benefits between $4 million and $8 million.
Employees have been informed of job cuts that will be made largely by the end of the year.