Waste Management to Divest Non-Core and Under-Performing Assets

Date: July 28, 2005

Source: News Room

In announcing its second quarter financial results on July 28, Waste Management Inc. (Houston, TX) declared that it plans to divest non-core and under-performing assets representing at least $400 million in annual revenues. The operations identified to date, consisting primarily of collection businesses and transfer stations, generated approximately $215 million in revenues and $11 million in operating income for the first six months of 2005, according to the company. Waste Management also announced plans to simplify its organizational structure through the elimination of a management layer between the corporate office and field operations, in order to place greater emphasis on day-to-day decision-making in specific market areas.
More information: www.wm.com.

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