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Ecolab Announces More Restructuring Charges

Ecolab (NYSE: ECL announced that it plans to record $170 million of restructuring charges during the next 2 years in connection with the Nalco merger. Approximately $120 million of these charges are expected to be related to a global workforce reduction. To give some context, ECL recorded restructuring charges totaling $73 million in 2009 and $68 million in 2011. ECL also disclosed other one-time items to be recorded during 2012 and 2013, including charges for merger integration.