POINTERS
Grammer: Turn-around in 2000
Grammer AG (Postf. 1454, D-92204 Amberg) is planning comprehensive restructuring measures for 2000, and is hoping to get back into the black after recording a negative result in business operations in 1999 of EUR -12.8m. The plans include 410 redundancies in the short term, and, in the medium to long term, the amalgamation of production sites and the streamlining of the portfolio. According to provisional figures, Group sales of this automotive supplier rose in 1999 to EUR 562m. In 2000, sales are expected to reach EUR 639m.
15.02.2000 Plasteurope.com [17550]
Published on 15.02.2000