Allied Waste Announces Organizational Restructuring
Scottsdale, Ariz. — In a filing with the Washington, D.C.-based U.S. Securities and Exchange Commission, Allied Waste Industries Inc., Scottsdale, Ariz., stated that it will eliminate 30 jobs as part of a organizational restructuring. According to the filing, the firm, which divides itself on a geographical basis, "will eliminate its four areas and reduce the number of regions by three. In addition, certain other districts will be re-aligned. These actions reflect the company’s on-going efforts to maximize efficiency and improve effective and are expected to be substantially complete in the fourth quarter of 2004."
"Related restructuring and other costs are anticipated to be between $5 million and $10 million," the company adds in the filing. "These costs will include employee severance, employee relocation and other items to be recognized primarily in the fourth quarter of 2004."
Allied Waste announced last week that Charles Cotros was replacing Tom Van Weelden as chairman and CEO, effective immediately.
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