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IMPLEMENTATION OF ANNOUNCED STAFF REDUCTION IN THE COMPUTING SOLUTIONS BUSINESS UNIT
05 January 2006 - Carlo Gavazzi

To improve the profitability of its Computing Solutions Business Unit, the Zug-based electronics group Carlo Gavazzi implemented the measures announced at its press and financial analysts' meeting on June 23, 2005.

To improve the profitability of its Computing Solutions Business Unit, the Zug-based electronics group Carlo Gavazzi implemented the measures announced at its press and financial analysts' meeting on June 23, 2005.

The business unit, which is operating exclusively in the USA, reduced its staff by 37 people in order to adapt the production capacity to the current market conditions. This effective reduction of the cost structure should allow the business unit to reach a positive operating profit for the current year, even though the related non-recurring costs will marginally impact the result of the first half-year ending September 30, 2005.

http://www.carlogavazzi.com

About: Carlo Gavazzi
Carlo Gavazzi is a diversified, internationally active electronics group designing, manufacturing and marketing electronic equipment targeted at the global markets of industrial automation and information processing.

Under the umbrella of a holding company, headquartered in Switzerland, Carlo Gavazzi is organised in two business units.

It is the function of the holding company to ensure planning and development of the group's business portfolio, to choose a coherent set of strategies and objectives, to monitor their implementation and the efficiency of the corresponding management tools and processes, to select the upper-level management, to manage corporate finance, controlling, tax planning, management information systems, communication and investor relations.

The business units operate separately within the framework of defined strategies and objectives; they are responsible for research and development, manufacturing, quality, marketing and sales, human resources, logistics, finance and control. Group executives lead their business units in line with the holding's objectives as businessmen with strong entrepreneurial drive and responsibility.

Objectives.

To provide our customers with technologically innovative, high quality and competitive solutions, in compliance with their requirements and expectations.

To create an environment conducive to our employees' professional and personal development.

To obtain a fair and equitable return for our shareholders through sustained development of our core activities.

Principles.

To create added value for our customers with our products and services in order to strengthen their market positions and establishing long-term partnerships.

To adapt structures and processes to market needs and delegate responsibility.

To promote an environment conducive to mutual respect and cooperation.

To mark clear leadership and integrity by doing what we say.


More News:
  • For January 2006
  • From Carlo Gavazzi
  • For Control Products

 

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