American Commercial trims workforce

http://www.lloydslist.com/ll/news/american-commercial-trims-workforce/20017624773.htm

AMERICAN Commercial Lines revealed that it sacked 15% of its land-based salaried workforce last week, as it concluded that economic conditions would remain ‘difficult’ this year.

This revelation was accompanied by news that American Commercial Lines has closed its Houston office and imposed a salary freeze on the rest of its staff for 2009, as part of “continuing and accelerating efforts to drive costs out of the business in every area”.