We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Burlington Five-Point Improvement Plan.
- Abstract
The article reports on the approval of a five-point plan designed to strengthen Burlington Industries' financial flexibility and profitability. The plan will result in a charge for asset write downs, impairment and restructuring. As part of the plan, the company will reduce its capacity to efficiently use its assets and to align its operations with the market demand, resulting to closing of a plant in Tennessee, eliminating unprofitable businesses, reducing of the trucking fleet, and others. Initiatives to decrease capital expenditures, sell nonperforming assets, and reduce working capital will free cash that will be used in improving financial flexibility and reducing debt.
- Subjects
BURLINGTON Industries Inc.; FINANCIAL performance; PROFITABILITY; CAPITAL investments; WORKING capital; DEBT; COST analysis; CAPITAL costs; BREAK-even analysis
- Publication
Textile Chemist & Colorist & American Dyestuff Reporter, 2000, Vol 32, Issue 10, p3
- ISSN
1526-2847
- Publication type
Article