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Targets incremental annual cost savings of $100 million to $125 million
January 17, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
MeadWestvaco Corporation (MWV) announced a new program to generate increased earnings and cash flow from its packaging businesses. The program is expected to deliver annual pre-tax cost savings of $100 to $125 million by the end of 2015, with at least $75 million expected to be realized in 2014. Key elements of the program include: • Implementing a leaner organization design across the packaging businesses to simplify the structure and speed decision making. • Aligning the corporate infrastruc...
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