We are keenly aware of the fact that restructuring can often lead to great hardship for communities. Our industries are set up in these communities, and that is where the people who work in our industry have grown up. These are not easy decisions to make, especially when a plant constitutes a region's driving economic force. We are living in an era of transformation and it is highly likely that we will see other closures, because it is a long-term necessity. Nevertheless, we are optimistic, because we believe that in the future we will be more competitive in regions where we remain for the long term. Unfortunately, some short-term adjustments are difficult.
On June 15th, 2006. See this statement in context.