Electronics Production |
De La Rue: "40 % Cheaper in China"
According to the labor union Metall's vice head Anders Weinstock, De La Rue stated that a move to China gives the company a yearly save of 72 million SEK(€7.8 million ).
CEO of the company Håkan Persson doesn't want to confirm that numbers but says to the news paper "Dagens Arbete" that a move of the manufacturing to China results in a 40% reduction in costs, mainly related to lower labor costs and lower material prices.
De La Rue will continue it's manufacturing of two important products in the Swedish village of Flen.
