75

Business

Heavier cuts than anticipated at Grundfos

admin
March 17th, 2015


This article is more than 9 years old.

Pump company in a push for profitability

The Danish pump manufacturer Grundfos is pulling out all of the stops to increase profitability, Berlingske reports.

The company announced in November that it would be cutting 405 jobs, and that the equivalent of 100 more would disappear by discontinuing temporary and consultancy contracts.

But now it has been disclosed that the total toll of the cutbacks will be equivalent of 850 jobs – once the positions that were planned to be filled and double functions due to restructuring are taken into account.

READ MORE: Grundfos to cut 405 jobs

Kim Nøhr Skibsted, the head of communications at Grundfos, explained the company’s decision to delay the announcement of the higher job count.

“We didn’t start out by saying 850 positions would be discontinued,” he said.

“Because it would have created uncertainty to mix unoccupied positions and planned positions that wouldn’t be advertised together with dismissals.”

Some of the company’s departments will also be merged to maximise efficiency. For example, all of its marketing functions will be housed in a single business unit.

“We need to identify where we can do things smarter,” Skibsted concluded.

Grundfos aims to triple its profit margin to ten percent by 2020.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”