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Ecolab cuts 1,000 jobs, stock shoots up

Ecolab Inc.'s stock rose more than 5 percent Thursday morning, one day after it announced major job and cost cutting actions.St. Paul-based Ecolab ( ... are in "non-customer facing areas." Employees were told of the layoffs Wednesday.The cleaning products manufacturer also said it’s speeding up a cost-cutting plan to reduce the number of products it [more...]

Date: 2009-01-16 01:30:00

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