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2008-10-06 16:13:57 CEST 2008-10-06 16:14:57 CEST REGULATED INFORMATION Snaige AB - Notification on material eventAB „Snaigė“ will reorganize manufacturing and will reduce operational costsThe only domestic refrigerators manufacturer in the Baltic states AB „Snaigė“ will implement radical means in order to increase efficiency of management of the company and reduce manufacturing costs. According to the director general of AB „Snaigė“ Gediminas Čeika, these changes are determined by the decreasing consumption of products in company‘s strategic markets. „In the situation there the prices of raw materials, financial and energy resources are constantly rising and consumption is falling, we have to admit that profitability of company‘s operations can be achieved by radically decreasing operational costs and optimizing manufacturing processes. We will produce less, but more efficiently and more profitably“ - said Mr. Čeika. According to Mr. Čeika, operation expenses will be decreased not only by saving and more strict control of company‘s spending, but also by decreasing number of employees. The company plans to eliminate functions with are unnecessary and not related to main operations of the company. The number of employees in the Alytus factory will be decreased by approx. 300 and in Kaliningrad factory by approx. 180. Mr. Čeika has stressed that AB „Snaigė“ will create all possible opportunities to alleviate social consequences of the workforce cut. According to him, the special work group will be formed in the company responsible for the issue. „ We will invite representatives of Lithuanian labor exchange and training centers which will consult our employees. Also AB „Snaigė“ will inform other companies of Alytus region about qualification and position of the fired employees and will mediate in the process of re-hiring“, - said Mr. Čeika. 6 October, 2008 Managing Director Gediminas Ceika +370 315 56205 |
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