Paperlinx announces cost cuttingFriday 15 Jun 2012 Paperlinx has extended its cost-cutting drive but two prominent critics have dismissed them as insufficient and called for savings of $100 million and 1,200 job cuts. Paperlinx announced it would be closing its global headquarters in Milton Keynes, UK, and disbanding its global marketing and global human resources departments. The company also promised a 35% year-on-year reduction in corporate costs for the 2012-13 financial year. Chief executive Toby Marchant said "minimising corporate overheads" was "a key element" of the paper giant's on-going strategic review. Source: ProPrint |
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