The Client:
The Salzburger Aluminium Group (SAG) with its subsidiaries is an internationally successful manufacturer of high-quality aluminum components for the automotive, commercial vehicle and railway industries. Due to a massive drop in demand in connection with the global economic crisis, sales fell from EUR 339 million in 2008 to EUR 170 million in 2009. The drop in sales triggered a crisis that threatened the company’s existence.
The Project (Rent-a-CRO):
Management Factory had been working for the SAG Group as an advisor since August 2009 developing a restructuring concept; in the period from December 2009 to June 2010, MF held two board functions in the holding companies and one managing director function in an operating group subsidiary. The task of Management Factory was to implement the restructuring concept. In the period from May 2010 to March 2011, Management Factory also took over the Head of Controlling function in the Alutech Group.
Highlights:
- Development of a restructuring concept
- Cost reduction primarily through personnel measures and (partial) plant closures
- Introduction of a controlling system for better controllability and tracking of strategic measures