FREEPORT, ILL. (May 3)—Newell Rubbermaid Inc. said it will close some plants and lay off 3,000 workers in a cost-control measure. The consumer products maker said its first quarter profits, excluding charges, fell 38 percent to $47.4 million compared with a year earlier. Sales dipped 1.1 percent to $1.61 billion for the quarter ended March 31. Newell Rubbermaid blamed the poor financial results on weak global economic conditions, which it doesn´t expect will change much in the second half of 2001.
Newell Rubbermaid to close plants, lay off 3,000
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