MIDDLEBURY, Conn. (March 19)—Crompton Corp.´s consolidation and repositioning programs are on track and should be completed by the end of 2002. Crompton launched the repositioning plan in September 2001 when it announced it would close six manufacturing facilities and cut about 700 jobs. In November, it said it also would consolidate its two headquarters, move its corporate functions to its Middlebury site and close its facility in Greenwich, Conn. The moves are aimed at cutting costs by about $60 million. "The plan is under way," a Crompton spokesman said. "The idea behind the consolidation is to bring people together to make a more effective team." The headquarters consolidation could result in job losses, he said, but it's still too early to tell. A number of factors will come into play, particularly job redundancy and the number of employees willing to relocate or commute the 50 miles from Greenwich to Middlebury.
Crompton consolidation, repositioning on course
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