Mexico's Vitro says to reduce debt, staff in 2003

Newswire

MONTERREY, Mexico, March 27 (Reuters) - Mexican glass giant Vitro said on Thursday it hopes this year to cut debt levels by up to $70 million and make savings of $40 million through operations efficiencies that include job cuts. "We have a plan to reduce debt by between $50 million and $70 million this year," Vitro's finance director Claudio del Valle told reporters after the company's annual shareholders meeting. Vitro closed 2002 with debt totaling $1.455 billion, down $161 million ...

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