He also noted the company was continuing its restructuring program.
What you find is that management at the company has taken on a very intelligent restructuring program.
During the same year a large restructuring program was launched.
The projected cuts include 1,000 that were part of the restructuring program announced in 1991.
In a general restructuring programme costing $1.28 billion, 13, 900 jobs will go.
Following the 1997 Asian financial crisis, a major restructuring program was implemented.
During the next two years, the business carried out a fundamental restructuring programme.
The merger of the three subsidiaries led to a restructuring program in 1997.
However, that gain was fully offset by costs of a restructuring program.
Texaco had announced a restructuring program in July 1994 which it expected would see about 2,500 jobs cut over the next year.