HBW Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

IFF reorganization

This article was originally published in The Rose Sheet

Executive Summary

International Flavors & Fragrances will record a nonrecurring pre-tax charge of approximately $20 mil. ($13 mil. after tax) in the first quarter as a result of employee terminations, company reports April 3. IFF recently eliminated over 150 positions primarily in North America and Europe as part of reorganization effort expected to be completed later this year. IFF revealed its reorganization plan aimed at saving approximately $25 mil.-$30 mil. annually in 2000 (1"The Rose Sheet" Oct. 9, 2000, p. 5). At the time of the announcement, IFF expected to incur $90 mil.-$100 mil. in related costs, but the fragrance supplier now anticipates charges of approximately $110 mil. Company expects to report first quarter sales up 5%-6% in line with earlier guidance...
Advertisement

Related Content

IFF Reorganization Plan To Save $25 Mil.-$30 Mil. By 2003, CEO Predicts
IFF Reorganization Plan To Save $25 Mil.-$30 Mil. By 2003, CEO Predicts
Advertisement
UsernamePublicRestriction

Register

RS011103

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel