Holland Group to Restructure
Oct 1, 2001 12:00 PM
The Holland Group plans to consolidate its three main United States companies — Holland Hitch, Holland Binkley, and Holland Neway — into a single organization. The company's Canadian and international organizations will continue to operate separately.
This restructuring is expected to achieve cost reductions, increase operating efficiencies, eliminate duplicative administrative functions, and improve service. As part of the restructuring, the company plans to:
Adopt an integrated business model
Make changes across every function of the company
Reduce staffing levels
Change some business processes
Consolidate employee benefit programs into one competitive program
Employees affected by the restructuring will be offered transition assistance.
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