- In the company's first concrete move by recently appointed CEO Claudio Descalzi, Eni (NYSE:E) approves a new corporate structure it says will make it more efficient and lead to cost reductions.
- Eni plans to incorporate two companies it owns and create four new business units to go along with two existing ones; the new internal structure, in which staff functions will be centralized, replaces one that had four divisions with their own units and led to overlap between the divisions.
- Eni does not say if the move will lead to any staff cuts or how much will be saved.