Dive Brief:
- Waste Management announced the president of its recycling division, Bill Caesar, has resigned from his position.
- The news of his departure follows the company’s recent string of announcements that corporate restructuring was underway. Analysts speculated that up to 800 corporate positions could be eliminated.
- Caesar will leave the company in mid-September 2014.
Dive Insight:
On August 22, 2014, Waste Management made an internal announcement that a voluntary employee reduction plan would be implemented.
Waste Management released a statement: “As part of our broader effort to align our corporate functions with the strategic priorities of the company and to better support the needs of the business, we’re doing a bit of restructuring of the teams that support the recycling business…”
Consultants predict Waste Management could shave about $100 million in costs by eliminating 800 positions and sources suggest that the realignment could see staff positions cut by 10%.