The salesman, a genial sort with great-colored hair, was soon deep into his demonstration, not hawking the free
paring knives, but a knife that never gets dull, can cut anything, and will withstand a 20 megaton nuclear blast, possibly even the ravages of Hurricane Ike.
The line comes with a sheepsfoot knife, a
paring knife and a utility knife.
The
paring of $75 million in expenses, also by the end of next year, will include reductions in employees' medical-benefits packages in favor of leaner, more modular types of coverage; an end to offering retiree medical benefits for employees currently under age 36; and provision for a "less generous" retiree medical package for those 36 and over.
In May, as steel markets began to improve, the new management took a
paring knife to reduce its 3,400-person workforce by 600 this year through their market adjustment plan.
Although G-P is formulating a tissue strategy focusing on
paring down debt and improving profit margins, the company realizes that its strong tissue and towel business must not suffer any reversals.
