American Standard Cos. Inc. reported flat third quarter earnings and said it was cutting about 1,000 jobs amid persistently weak economic conditions.
American Standard Cos. Inc., maker of air conditioners and bathroom fixtures, reported flat third quarter earnings and said it was cutting about 1,000 jobs amid persistently weak economic conditions.
The Piscataway, N.J.-based company said its quarterly revenues fell by 4 percent to $1.89 billion and said the job cuts, representing 1.7 percent of its work force of 60,000, were designed to cut its costs by $40 million in 2002.