Rautaruukki to streamline engineering operations in Hungary

Conferences

Rautaruukki’s engineering division, Ruukki Engineering is to streamline operations at its Hungarian unit Ruukki Tisza Zrt to improve profitability.

It said that “Better profitability will be sought by cutting overheads and by improving organizational function. Efficiency actions are part of the division’s productivity and profitability improvement program, which aims at improving the division’s operating profit by €20 million in 2008. Overheads will be cut to lower the unit’s cost structure. It has been agreed to cut the number of white collar jobs by a total of 190 during the course of this year and next. Reducing relates to the administrative staff.”

The release added that “A new enterprise resource planning system will be introduced at the Hungarian unit as part of efficiency improvement actions. Deployment of Ruukki’s common systems and ways of working at the unit will reduce overlapping work and simplify administrative structures.”

Tommi Matomäki president of Ruukki Engineering said that the Hungarian unit has an important role in our growth strategy. A new organizational structure and the introduction of new systems call for different skills than earlier. This means staff retraining and adjusting staff numbers to improve profitability. We’re offering employees an opportunity to retrain for new jobs on the production side at Ruukki Tisza Zrt.

Rautaruukki acquired a majority stake in Ruukki Tisza Zrt in May 2007. The company has production sites in Jászberény and Hatvan in Hungary and is part of Ruukki Engineering division. Ruukki Tisza Zrt has 992 employees, including hired in workers. (SteelGuru, India)

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.