CPR sets a restructuring strategy.(Canadian Pacific Railway Co.)
From: Railway Age
|
Date: 7/1/2003
Canadian Pacific Railway is taking what it's calling "additional measures to increase productivity across its network" to "improve its economic performance." The measures include additional job cuts and restructuring of its Northeastern U.S. network, operated as the Delaware & Hudson Railway.
CPR will take a special charge of approximately $152 million after tax in second-quarter 2003 "to recognize the cost of these initiatives and the write-down to fair value of ...
COPYRIGHT 2003 Simmons-Boardman Publishing Corporation
This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
For permission to reuse this article, contact Copyright Clearance Center.