Saint-Gobain announces more cost-cutting measures

06/5/2009 | Wall Street Journal, The

Saint-Gobain announced more cost-cutting measures at the building-materials company. Pierre-Andre de Chalendar, the chief executive officer, said Saint-Gobain plans to suspend acquisitions and may sell off smaller divisions. The company also will make additional cuts in staff and reduce industrial investments, according to de Chalendar.

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