Southwest Water Realigns Services Group Along Customer Lines
11 1월 2008 - 11:00PM
Business Wire
Southwest Water Company (NASDAQ:SWWC) today announced that it has
realigned its Services Group to better service the division�s
distinct customer groups, enhance efficiencies and generate cost
savings. �This strategic realignment optimizes our Services Group�s
ability to serve its three core customer sets; the Texas Municipal
Utility Districts (MUDs), other municipal clients that we serve
through Operations and Maintenance contracts, and the company�s
Utility Group,� said Mark Swatek, Southwest Water chief executive
officer and chairman. �With this new structure, our Services Group
will be able to better serve the unique demands of each customer
base, focus its business development efforts and eliminate
redundancies.� The company has flattened and simplified this
division�s management structure. Each of the three customer groups
will have a business leader reporting directly to David Stanton,
Southwest Water�s chief operating officer. As part of the
realignment, the company eliminated 12 management/supervisory
positions and 27 support positions, or approximately 3% of the
Services Group employee base. The company will recognize a pretax
charge of approximately $0.8 million in its 2007 fourth quarter as
a result of these workforce reductions, or $0.02 cents per diluted
share after tax. The realignment will be an ongoing process and
additional charges may be recognized through the first part of 2009
as the company continues its initiative to consolidate, update and
upgrade all underlying communications and information technology
systems. Southwest Water Company provides a broad range of services
including water production, treatment and distribution; wastewater
collection and treatment; utility billing and collection; utility
infrastructure construction management; and public works services.
The company owns regulated public utilities and also serves cities,
utility districts and private companies under contract. More than
two million people in 10 states depend on Southwest Water for
high-quality, reliable service. Additional information may be found
on the company�s website: www.swwc.com.
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