©fotolia.com, Syda Productions
©fotolia.com, Syda Productions


Case Study
Implementation of a Restructuring Program
Implementation of a restructuring program at an international cable harness manufacturer
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Company Details
- Corporation-wide management by Matrix Organization
- Sales of electrical systems division € 3,2 BN
- Locations worldwide, mostly in low-wage countries because of work-intensive production process
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Situation and Challenge
- Lack of clear responsibilities for financial estimates of suggested economies
- Unsystematic process for the evaluation of suggested measures, lack of transparency
- Lack of communication in terms of systematic and structured discharge of initiatives
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Objective and Tasks
- Increase in financial transparency of suggested measures
- Coordination with regional managers to achieve workable economies that make a demonstrable impact on the profit-and-loss statement
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Measures and Approach
- Weekly global coordination meeting to ensure transparency
- Twice weekly coordination sessions with PMO to discuss critical initiatives and general alignment of measures
- Weekly C-level reporting to document status, progress and results
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Results and Achievements
- Significant increase of transparency of suggested measures and economies achieved by them; significantly increased clarity as to the nature of economies
- Reduction of „double count“ initiatives