Nexans has released a document detailing the reorganization project for some subsidiaries in Europe. The adjustments would result in 478 positions cuts and the creation of 46 new positions in Europe.
Within this project, aimed to respond to market challenges and to protect Nexans' competitiveness, four major improvement drivers have been identified:
- optimise 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.
