The reduction of energy and water use also results in financial savings.
The company said the cost reductions would result in savings of more than $30 million a year.
A halt to development of new nuclear weapons would also result in huge savings.
But he said that owning the two sports services would probably result in significant savings.
Combining several policies with one company can result in substantial savings.
The merger was expected to result in annual savings of $240 million.
The company said it expects the cuts to result in savings of more than $12 million a year.
Russell hoped these efforts would result in annual savings of $50-$70 million.
The restructuring is expected to result in savings of about $16 million annually.
The merger will result in annual savings of at least $262 million by 1998 for the combined company.