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Business
... While Ferro Cuts Brazilian Assets
June 30, 2008
| A version of this story appeared in
Volume 86, Issue 26
Ferro has stopped manufacturing tile frits and tile color products at its plant in Americana, Brazil, to reduce operating costs. Ferro says it will save about $2.5 million annually. The company expects to take a charge against earnings of $1.4 million, part of which will fund severance payments for the 73 workers who lost their jobs. Ferro says it will continue to produce porcelain enamel frit and glass color and glaze products at the Americana site.
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