Motherson Launches Cost Optimisation Drive in Europe
ECONOMY & POLICY

Motherson Launches Cost Optimisation Drive in Europe

Motherson has announced a proactive cost optimisation initiative through its subsidiary SMRP BV, aimed at enhancing operational efficiency amid rising global uncertainties in the automotive sector. The company plans to streamline operations in Central and Western Europe, targeting an annual cost savings of approximately €50 million over the next three years.

The move comes as Motherson responds to growing complexities in the global supply chain and regulatory landscape. With 23 acquisitions since 2020, the company has significantly expanded its global footprint, and this latest initiative is part of its strategic recalibration to "breathe with the market."

The measures will be implemented in phases and involve active engagement with local workmen representative associations. The optimisation plan will cover areas such as salaries, benefits, overheads, and contract employee costs, with a focus on aligning the workforce to current and future business needs.

Motherson emphasised that the transformation will ensure uninterrupted customer service and will be fully compliant with applicable regulations. The company reiterated its commitment to delivering sustainable value to stakeholders while navigating the evolving automotive production environment.

(BSE)     

Motherson has announced a proactive cost optimisation initiative through its subsidiary SMRP BV, aimed at enhancing operational efficiency amid rising global uncertainties in the automotive sector. The company plans to streamline operations in Central and Western Europe, targeting an annual cost savings of approximately €50 million over the next three years.The move comes as Motherson responds to growing complexities in the global supply chain and regulatory landscape. With 23 acquisitions since 2020, the company has significantly expanded its global footprint, and this latest initiative is part of its strategic recalibration to breathe with the market.The measures will be implemented in phases and involve active engagement with local workmen representative associations. The optimisation plan will cover areas such as salaries, benefits, overheads, and contract employee costs, with a focus on aligning the workforce to current and future business needs.Motherson emphasised that the transformation will ensure uninterrupted customer service and will be fully compliant with applicable regulations. The company reiterated its commitment to delivering sustainable value to stakeholders while navigating the evolving automotive production environment.(BSE)     

Next Story
Building Material

Jindal Aluminium Marks 56 Years of Industrial Leadership

Jindal Aluminium Limited has marked its 56th Inception Day, celebrating a legacy built on vision, resilience and manufacturing leadership. Founded in 1968 and incorporated in 1970 by Padma Bhushan Dr Sitaram Jindal, the company has grown into a major force in India’s downstream aluminium sector under the leadership of Pragun Jindal Khaitan.The company is India’s largest manufacturer of aluminium extruded products and the second-largest producer of aluminium flat-rolled products. With a turnover of around Rs 5,500 crore and a workforce of over 4,000, Jindal Aluminium continues to strengthen..

Next Story
Infrastructure Transport

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Next Story
Infrastructure Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement