The Board of Directors of The Stanley Works elects a new member, Robert B. Coutts, executive vice president, Electronic Systems of the Lockheed Martin Corporation.
As part of an effort to streamline its business processes, Unilever announces that about 40 managers will be leaving the company's UK operations, reports the Financial Times.
Newell Rubbermaid Inc. announces that Chief Financial Officer J. Patrick Robinson is recovering from surgery and will not be present at the company's July 26 earnings presentation.
Outsourcing across industries continues to grow and while one significant trend -- offshoring -- continues another model has developed -- multisourcing.
Hanesbrands Inc. will cut approximately 5,300 jobs and close nine sewing and assembly operations in five countries as part of an ongoing restructuring effort to make its business leaner and more profitable.
