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Erstaunliche Autos

Erstaunliche Autos. Refinancing project. R.Gringhuis & M.Pit – Tompkins and Kosters. Content overview. Current situation analysis Major issues Recommendation package Difficulties Conclusion. Current situation at EA. Medium sized car manufacturer Base of operations: Frankfurt

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Erstaunliche Autos

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  1. Erstaunliche Autos Refinancing project R.Gringhuis & M.Pit – Tompkins and Kosters

  2. Content overview • Currentsituation analysis • Major issues • Recommendation package • Difficulties • Conclusion

  3. Current situation at EA • Medium sizedcarmanufacturer • Base of operations: Frankfurt • Workweek: fourdays • Salaryratesaverage: 140% of competitors’ salaryrates

  4. Analysis of major issues • Work days + salaries • Fierce competition by Chinese

  5. Recommendation package • Boost profits by €4bn, period of 3 years • Save €7bn over 3 years Savings • Run campaign to improve sales - €2 bn • Cost cutting measures - €5 bn • Improve overall plant productivity • 5 days workweek • Opportunities for 6th day, 150% wage • Negotiate a decrease suppliers’ costs by 10%

  6. Three year cost-cutting programme

  7. Recommendation package • Manufacturing centre productivity In *1000 cars per year

  8. Recommendation package • Establish new manufacturing plant • Decrease costs • Increase productivity • Increase competitiveness • Outsource production of non-essential components • Cut costs for parts, savings: 20-30%

  9. Recommendation package • Reduce workforce in Belgian and German plants by 30% • Redundancy packages for senior worker >55 • Voluntary redundancies Average pay rates per hour for assembly line workers China Antwerp

  10. Difficulty • Loss of image • Ensure good quality! • Advertising campaign

  11. Conclusion Are there any questions?

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