Brady Cost Controls Include a Summer Hours Program for Employees

Apr 13, 2001, 01:00 ET from Brady Corporation

    MILWAUKEE, April 13 /PRNewswire/ --
     As part of Brady Corporation's (NYSE:   BRC) efforts to control costs, the
 company has initiated a summer hours program.
     For the April 30-Aug. 31 period, some employees will be working on a
 90-percent schedule.  U.S. exempt employees, excluding sales people, and some
 other employees will have nine extra days off in the summer, unpaid.
     "We're being very selective and creative in our cost-control efforts,"
 said Katherine Hudson, Brady's president and chief executive officer.  "We
 want to retain our workforce and keep our strategic initiatives going while
 also trying to keep our expenses in line with sales levels.
     "The summer hours program helps reduce expenses at a time the company is
 trying to control costs and it provides time off when employees can best enjoy
 it.  Employees are working out their schedules to be positive for them while
 ensuring that Brady continues to provide superior service to customers."
     Additional cost-control measures by the company include imposing a hiring
 freeze; reducing overtime, use of contractors and consultants; and restricting
 travel and discretionary spending.
     On May 16, Brady plans to announce the results for its fiscal 2001 third
 quarter ending April 30.
     Brady is an international manufacturer and marketer of identification and
 materials solutions, with products including labels, signs, precision die-cut
 materials, printing systems, software, and label-application and
 data-collection systems for electronics, telecommunications, manufacturing,
 electrical, and a variety of other markets.  Founded in 1914, Brady is
 headquartered in Milwaukee and employs more than 3,200 people in operations in
 the United States, Europe, Asia/Pacific, Latin America and Canada.  More
 information about Brady is available on the Internet at
 http://www.bradycorp.com
 
 

SOURCE Brady Corporation
    MILWAUKEE, April 13 /PRNewswire/ --
     As part of Brady Corporation's (NYSE:   BRC) efforts to control costs, the
 company has initiated a summer hours program.
     For the April 30-Aug. 31 period, some employees will be working on a
 90-percent schedule.  U.S. exempt employees, excluding sales people, and some
 other employees will have nine extra days off in the summer, unpaid.
     "We're being very selective and creative in our cost-control efforts,"
 said Katherine Hudson, Brady's president and chief executive officer.  "We
 want to retain our workforce and keep our strategic initiatives going while
 also trying to keep our expenses in line with sales levels.
     "The summer hours program helps reduce expenses at a time the company is
 trying to control costs and it provides time off when employees can best enjoy
 it.  Employees are working out their schedules to be positive for them while
 ensuring that Brady continues to provide superior service to customers."
     Additional cost-control measures by the company include imposing a hiring
 freeze; reducing overtime, use of contractors and consultants; and restricting
 travel and discretionary spending.
     On May 16, Brady plans to announce the results for its fiscal 2001 third
 quarter ending April 30.
     Brady is an international manufacturer and marketer of identification and
 materials solutions, with products including labels, signs, precision die-cut
 materials, printing systems, software, and label-application and
 data-collection systems for electronics, telecommunications, manufacturing,
 electrical, and a variety of other markets.  Founded in 1914, Brady is
 headquartered in Milwaukee and employs more than 3,200 people in operations in
 the United States, Europe, Asia/Pacific, Latin America and Canada.  More
 information about Brady is available on the Internet at
 http://www.bradycorp.com
 
 SOURCE  Brady Corporation

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