MAN Energy Solutions has announced the launch of what it calls a comprehensive program to ensure the future viability of the company. It stated that extensive cost-cutting and restructuring measures are the necessary next steps on the way to the companys transformation into a solutions provider for sustainable energy supply. In addition, the company is preparing for a prolonged period of stagnant sales as a result of the Covid-19 pandemic.
To achieve this, according to MAN, it plans to cut costs by 450 million euros and increase its operational flexibility, among other objectives. The aim is to achieve an operating margin of 9% and improve the companys cash and liquidity position by 2023, even taking the global economic impact of COVID…
Read the full article at: https://www.cruiseindustrynews.com/cruise-news/23268-man-launched-cost-cutting-and-restructuring-efforts.html