American Standard To Cut 1,200 Jobs

January 5, 2001
/ Print / Reprints /
/ Text Size+
PISCATAWAY, NJ — American Standard Companies Inc. has announced that it would cut 1,200 jobs and shutter one of its manufacturing plants during 2001.

The parent of major hvac equipment manufacturer The Trane Company said that the cuts would be made in each of the firm’s three businesses, but did not reveal which plant would be closed.

The firm said that this will result in a pretax charge of about $82 million for the fourth quarter of 2000, but that it would be fully offset by the gain from the recently announced sale of its Calorex water heater business.

“These changes will eliminate job duplications and bring our operations closer to customers, enhancing our efficiency and competitive position across all business lines,” stated Frederic Poses, chairman and chief executive officer.

“We expect these actions will generate savings of more than $50 million annually on an ongoing basis.”

Publication date: 01/08/2001

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Paula Liegl

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Joseph Groh

Joseph Groh, an industry veteran boasting 35 years of HVAC experience, discusses the 2008 bicycle accident that cut his career tragically short, and how the Joseph S. Groh Foundation is his way of giving back to the construction trade. Posted on Aug. 22.

More Podcasts


NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con