Ecolab (ECL -0.1%) announces a restructuring plan that it aims to implement following from its...

|About: Ecolab Inc. (ECL)|By:, SA News Editor

Ecolab (ECL -0.1%) announces a restructuring plan that it aims to implement following from its merger with Nalco. The firm says it will cut 500 jobs and take on merger-related restructuring costs before it starts to see synergy cost savings of between $35M-$75M in 2012 that will help EPS fall in a range of $2.95-$3.00 for the year.