date:Dec 03, 2012
(FTE) in Europe. Consultation with the Europeanand local works councils will start immediately. The one-offcosts associated with its implementation are estimated to be EUR24 million, of which EUR 15 million have a cash effect over thenext twelve months.
In the past period, we have spent a considerable amount of timeassessing business opportunities and issues, said CEO Piet HeinMerckens. We have also thoroughly looked at our structure andcost base with the aim to deliver more efficiently our str