Job Cuts at Ecolab
Ecolab Inc. plans to cut 500 jobs this year as part of restructuring and cost-cutting measures connected to its recent $8.3 billion acquisition of Nalco Holding Co. The company hopes to use attrition as much as possible and also will not fill some job openings that already have been posted. While Ecolab was not specific about which areas reductions will come in, but it is anticipated that they will come in areas where there is overlap between Ecolab and Nalco. Over time, the company expects to eliminate about 1,500 additional duplicate positions.