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| Pöyry gives indications of efficiency improvement measures Finnish engineering and consulting company Pöyry announced an operational excellence programme that aims at improving the efficiency and quality of operations. The Group-wide programme will be implemented during 2010-2012. Pöyry also announced that the programme will be started in Finland where the need for structural changes and streamlining of the organisation is most imminent. In this conjunction Pöyry also announced it will initiate statutory employee negotiation in all its Finnish operations. Analysis of the operations in Finland and efficiency improvements needed to achieve profitability level in line with the targets set for the Group has been done. Based on this, the first indications of the possible impacts on the organisation and capacity have been estimated. The planned reduction in capacity, of the currently active workforce, is estimated to correspond to 250-350 persons. The targeted annualised cost savings are EUR 10-15 million. In addition, the future outlook for the workforce of about 200 persons temporarily laid off will be carefully considered. The related restructuring costs are estimated to be in the range of EUR 6-10 million including the possible additional costs from earlier reduction measures. Implementation of the efficiency improvement measures in Finland is expected to take about 6-9 months. The majority of the restructuring costs in Finland are expected to be recorded in the fourth quarter of 2010. write your comments about the article :: © 2010 Construction News :: home page |