twice connect
careers

Rayovac Cuts 14% Of Workforce

10/10/2002 01:12:00 PM Eastern

Madison, Wis. - Launching a series of initiatives to position itself for the future and to optimize global resources, battery maker Rayovac is scaling back, then closing operations at its Middleton, Wis. distribution center and its packaging center here.

The two operations will be combined by June 2003 in a new $20 million facility in Dixon, Ill., which will service the majority of Rayovac's U.S. customer base.

In addition, the company anticipates a series of worldwide sales, marketing, operations and administrative restructuring initiatives, expected to result in a 14 percent (630 people) reduction it its current overall workforce. Rayovac said it is attempting to eliminate work duplications created when it purchased German consumer battery maker Varta.

The company will take a restructuring charge of about $20 million in the first quarter of fiscal 2003, and between $10 million to $15 million to be recorded as incurred. Cost savings are expected to be in the range of $35 million to $40 million when fully realized in fiscal 2005.

PHOTOS
ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston

ADL Honors Morales, Bilas, Paull, Weedfald At Annual Dinner

New York — The Anti-Defamation League’s National