How deep cuts kept Eaton Corp. afloat

11/16/2009 | Wall Street Journal, The

When the recession struck, Eaton Corp. CEO Alexander "Sandy" Cutler quickly made deep cuts in the company's workforce. Those who stayed had to take unpaid vacation time. The move helped Eaton weather the downturn better than many of its competitors, and now the manufacturing giant is targeting developing-world markets in an attempt to return to growth.

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