CINCINNATI -- In a major restructuring, Gibson Greetings here announced it will lay off approximately 480 employees, including hourly and production supervisors, and office and administrative workers, by early 1999. $30 to $35 million over the next few years in upgrading its existing management information systems. Gibson expects these changes to generate savings of approximately $10 million annually by the year 2000 and be accretive to earnings beginning in 1999 while also improving the ...

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