Leoni to cut 1,100 jobs in Wiring Systems Division
Company to incur expense of USD27.3 million for restructuring Wiring Systems Division this year
Leoni is streamlining operations of its Wiring Systems Division to improve efficiency and profitability of the division. According to a press release on 30 June, the company has introduced a new structure at the division, trimming its organisation from five to three levels with 12 business units that operates now as profit centres.
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