By: Benzinga
A. M. Castle & Co. Announces Plan To Reduce Costs And Improve Operating Performance
-- Restructuring actions expected to result in $33 million of annual operating profit improvement, including approximately $21 million of structural operating cost reductions and $12 million of gross margin enhancements -- Company's continuous improvement program to realize additional on-going efficiencies -- Broad, performance-enhancing plan includes organizational restructuring to increase flexibility and sharpen
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