Flow International Corp. (Notes from the Supplier Side).(restructuring)(Brief Article)

Welding Design & Fabrication, March, 2003

Flow International Corp., Kent, WA, a manufacturer of waterjet technology systems for cutting, cleaning, and food safety applications, announced the start of a two year restructuring program intended to return the company to profitability through reductions in personnel, consolidation of facilities and operations, and closure or divestiture of selected company business units.

"We are committed to restructure our company over the next two years to restore profitability and aggressively improve cash flows and return on investment while we continue to develop and manufacture productivity enhancing equipment and technology," commented Stephen R. Light, Flow's new president and CEO.