Kitron's operational streamlining continues

These measures span the entire value chain, and include inventory reduction, manufacturing efficiency improvements and supply chain optimization. As part of the operational streamlining, Kitron launched a new organization in April. All manufacturing and supply chain activities will be organized in a global organization under the Chief Operating Officer (COO) while the customer delivery organization will be organized in three business areas. The purpose is to create a more customer centric organization while driving global standardization in the manufacturing and supply chain processes. Cost reductions initiated Cost reduction measures have been initiated in response to a market that is weaker than expected. Management is in process to evaluate further measures to be taken. As a large proportion of the costs is personnel related, headcount reductions can not be ruled out, the company writes.