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Gardner Denver (GDI) says it's restructuring its European Industrial Products Group in an effort...

Gardner Denver (GDI) says it's restructuring its European Industrial Products Group in an effort to reduce costs and expand margins. The plans include consolidating its manufacturing facilities and reduce associated staffing levels to increase operational efficiency. It expects to begin implementing its restructuring plan over the next several months, and will incur restructuring charges of around $85M-$100M. In total, the company expects to generate annualized savings of $35M - $40M by 2016, with $10M-$15M expected to be achieved in 2013.
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Comments (1)
  • Bogwon
    , contributor
    Comments (12) | Send Message
     
    Roughly a three payback on charges. Rarely do the actual savings measure up to what was anticipated. How will this affect cash flow? That's the big question. Europe can be an expensive place to reduce staff and that is where the bulk of the "savings" will come from.
    16 Aug 2012, 05:31 PM Reply Like
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