TMG presents restructuring plan
TMG has started a programme to improve its operational result. Under this programme, internal synergies are maximised, its portfolio is adjusted through acquisitions and disposals, and non-core activities are outsourced. This programme will save € 40 – 50 million in costs annually.
Together with the publication of the semi-annual results in August this year, a personnel reduction of at least 425 FTE was announced as part of this programme. In the meantime, this number has been increased to almost 500 FTE. The plans for this personnel reduction will be discussed with both the Central Works Council and the Unions in the next week.