Standard Register Announces Strategic Restructuring, Workforce Reduction
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DAYTON, OH—Jan. 23, 2012—Standard Register announced a strategic restructuring program to better align the company’s resources in support of its growing core solutions business and to reduce costs to offset the impact of declining revenue in its legacy operations. The restructuring is expected to result in an estimated $45 million in annual savings and the elimination of 12-15 percent of its workforce over the next 6 to 9 months.
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