Bemis (BMS) to Trim Costs by Closing 2 Plants & 300 Job Cuts
To align with the current business environment, the company will reduce administrative support cost structure. To obtain this objective, Bemis will lay off approximately 300 positions, or 5% of the global administrative workforce, over the next three years. Impacted employees will receive job placement assistance and severance benefits. This move will lead to cost savings of approximately $20 million over the next three years.