Standard Register to Shed Jobs in Restructuring
DAYTON— Standard Register says a planned restructuring will mean the loss of about 12 percent to 15 percent of its work force over the next six to nine months. The announcement came yesterday and the company says the restructuring should mean an estimated $45 million in annual savings.
But the moves are expected to cut expected revenues for the fourth qtr 2011 by approximately $5.5 million,and another $1.5 million in the first qtr. of 2012.
The company has about 614 Dayton workers.