Bemis To Reduce 5% Of Global Administrative Workforce – Quick Facts
(RTTNews.com) – Bemis Company, Inc. ( BMS ) announced its planned actions in a restructuring and cost savings program. The company will reduce its administrative support cost structure to align with the current business environment. These activities will result in a reduction of approximately 300 positions, or 5 percent of the global administrative workforce, over the next three years. The cost savings from these changes will be approximately $20 million over the next three years.