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- W31928919 abstract "About 20% of Nalco Chemical`s (Naperville, IL) workforce-about 900 employees-will be affected by the company`s restructuring moves; they are to be transferred to a new 50-50 energy chemicals joint venture with Exxon. Four hundred employees worldwide-the majority in Europe-will receive severance packages. Among other consolidations, European support functions will be unified. A plant on Chicago`s South Side will be shut, with production shifted to the nearby Bedford Park plant, Nalco`s largest. Some foreign manufacturing operations will also be affected. The company will take a $54-million after-tax charge to cover the restructuring and the charges associated with forming the joint venture." @default.
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- W31928919 date "1994-09-14" @default.
- W31928919 modified "2023-09-27" @default.
- W31928919 title "Nalco restructures, forms energy chemicals jv with Exxon" @default.
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