Management will continue reducing costs in 2015/16. By the end of the current FY (30 September), it expects costs to have come down by about €1bn instead of an initially envisaged €850m. According to the CFO, ThyssenKrupp intends to improve efficiency further in the years to come.
Well, this is the minimum one can expect from a management team. Every company has to improve efficiency constantly. As the demand and pricing situation is unlikely to improve for the group’s steel and car component ....
07 Sep 2015
Costs have to be reduced further
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Costs have to be reduced further
thyssenkrupp AG (TKR:WBO) | 0 0 0.4% | Mkt Cap: 14,231m
- Published:
07 Sep 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management will continue reducing costs in 2015/16. By the end of the current FY (30 September), it expects costs to have come down by about €1bn instead of an initially envisaged €850m. According to the CFO, ThyssenKrupp intends to improve efficiency further in the years to come.
Well, this is the minimum one can expect from a management team. Every company has to improve efficiency constantly. As the demand and pricing situation is unlikely to improve for the group’s steel and car component ....