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Bristol-Myers aims for savings of up to $1.5 bil. in 1998 via improved productivity.

This article was originally published in The Rose Sheet

Executive Summary

BRISTOL-MYERS SQUIBB PRODUCTIVITY INITIATIVES WILL LEAD TO $1.1-$1.5 BIL. SAVINGS through 1998, the company told analysts Dec. 11. BMS said company-wide productivity initiatives are projected to result in gains of $1.1 bil. to $1.5 bil. pretax through 1998 with "associated future restructuring charges," including a 1995 year-end pretax restructuring charge of $250 mil. to $300 mil. due to current accounting rules.
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