Question · Q1 2025
Kieran McCabe, on behalf of Troy Jensen, requested further details on the company's specific cost reduction actions beyond general operational efficiencies.
Answer
Chairman and CEO Omar Asali explained that initiatives include better planning to avoid inefficient spot market paper purchases, reducing associated freight and warehousing costs, and prudent organizational headcount reductions. CFO William Drew added that about half the savings will come from headcount, with other key areas being freight optimization, reduced outside storage costs, and a pause on non-essential discretionary spending.
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