Cabot Corporation Announces Cost Reduction Initiatives
These initiatives, some of which are subject to certain local procedures, include streamlining the Company's sales, manufacturing, technical service and certain functional groups by eliminating approximately 130 positions. Subject to completion of the necessary local legal requirements, implementation will begin immediately and conclude during the course of fiscal year 2007. The result of these initiatives shall be the consolidation of certain activities and a more streamlined, simpler organization, which shall assist Cabot in managing costs and create opportunities for future efficiencies.
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