The Nexans Group Wants to Support Competitiveness With a Business Reorganization

  Enquire / contact me

The company has already launched a study for a new savings project in Europe

The Nexans Group Wants to Support Competitiveness With a Business Reorganization
The Nexans Group Wants to Support Competitiveness With a Business Reorganization

The initial results of the industrial and functional restructuring implemented in 2014 demonstrate this was the right strategy for the Group's transformation. However, the efforts already made prove insufficient to put Nexans on a more competitive footing for the long term. Given this context, a study for a new savings project in Europe has been launched. The document detailing the reorganization project for some subsidiaries in Europe was presented today to the employee representative bodies.

This document will be used as the basis for an information and consultation procedure that is now under way. Within this project, aimed to respond to market challenges and to protect Nexans' competitiveness, four major improvement drivers have been identified: optimize the structure of the Group's support functions adapt regional structures reduce the fixed costs of Market Lines in Europe reduce production capacity for the Utilities Market Line in Europe. This project may involve all European countries and in particular France, Norway and Germany. The adjustments would result in 478 positions cuts and the creation of 46 new positions in Europe.

Nexans intends on minimizing any social consequences that may arise from the project, taking into account the specific local context and social regulation in each Country concerned. The Group's wish is that this reorganization project be approached in close cooperation with the employee representatives and social partners both at European level and in each of the subsidiaries concerned, identifying the best possible solutions for redeploying employees and providing individualized support for those employees whose positions may be affected by the project.

Posted on June 12, 2015 - (323 views)
Related articles
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Better HMI and Evolution from PCBs to PLCs Pave the Way for New Market Opportunities
Interface Technology
The CC-Link Partner Association Announces the Future Of Open Industrial Ethernet
Continued Market Growth Is Testament To The Development Of PLCs
Industrial Ethernet
Biocompatible Medical Cable
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
Labfacility L60+ Thermocouple & Fine Wire Welder
Integrated Servo Motor
Single-Stage Filter
Medical Grade PC
High Speed and High Definition Camera
Multi-function Sensor Module
Drive for Marine Installations
AC/DC Desktop Power Adapters
Monitoring Fugitive Emissions & Leaks
Integrated Drive for Induction Motors
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Multi-protocol Network Diagnostics
Interroll Launches its Versatile Drive Platform at Sauber Motorsport
Brushless Flat DC-Servomotors with more torque
Labfacility L60+ Thermocouple & Fine Wire Welder
SCADA for Supervision and HMI
Power in new Dimensions - BXT Motor Family