A.M. Castle management cuts to save $7M

Jun 03, 2014 | 01:03 PM | Nat Rudarakanchana

Tags  A.M. Castle, Scott Dolan, specialty metals, restructuring, management cuts, Nat Rudarakanchana

NEW YORK — Metals distributor A.M. Castle & Co. cut executive and management positions in late May and early June. The move will result in estimated savings of $7 million annually, to be accrued starting in the third quarter of 2014, the company said June 3. Vice president of marketing Tim Lafontaine will also retire from A.M. Castle in mid-2015.....

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