CARBIDE TO CUT COSTS BY $250 MILLION/YEAR

Union Carbide Corp., Danbury, Conn., has started implementing a series of actions designed to cut costs by $250 million/year by 1994. That savings is to result from reductions in: Plant fixed costs stemming from work simplification and elimination. Functional support staffs at the business and corporate group levels. Selling and administrative costs. Variable costs stemming from raw material efficiency improvements. Interest costs enabled by lower inventory levels and better management of

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