Lilly Industries Inc., one of the largest US manufacturers of industrial coatings and speciality chemical products, has announced that it has shed its workforce by 80 full time positions. According to…
Lilly Industries Inc., one of the largest US manufacturers of industrial coatings and speciality chemical products, has announced that it has shed its workforce by 80 full time positions. According to a press release, this reduction in employment is in addition to further job cuts expected from previously announced closings of three domestic manufacturing facilities. Mr. Robert A. Taylor, Lilly“s President and COO, commented “These employment reductions are a part of our overall plan to increase operating efficiency and improve profit margins. Together with previously announced plant closures, employment reductions will total approximately one hundred and fifty. We will continue to aggressively pursue plant consolidations, supply chain management, and other cost reduction initiatives to bring more of our sales dollar to the bottom line”.