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