Solid Waste & Recycling

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WMI layoffs

Waste Management, Inc. based in Houston, Texas announced that the next step in its restructuring initiative will involve the elimination of one management layer and the layoff of 2,000 people (3.5 per...


Waste Management, Inc. based in Houston, Texas announced that the next step in its restructuring initiative will involve the elimination of one management layer and the layoff of 2,000 people (3.5 per cent of its work force) as part of an effort to streamline the organization. The employment cutback is expected to result in savings of up to $100 million per year. WMI reported a net income of US$503-million on revenues of $11.32-billion during 2001, marking a turnaround from the previous year when the company suffered a net loss of $97-million on revenues of $12.49-billion. (See “Waste Stock Watch” in the December/January 2002 edition.)


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