Thales launches a broad economic plan

Thales wants to become more efficient. In a statement released Friday, the electronics group announced a savings plan that should result in a productivity gain of 1.3 billion euros over 5 years. In exchange, the news was very well received by investors. The title jumped 4.6% to 34.36 euros.

This plan consists of three parts. The first is a reduction in costs of non-quality and improved customer satisfaction. The second provides for more effective processes for engineering, industrial and procurement, while increasing the efficiency of information systems. The last aims to reduce operating costs. The statement does not indicate any reduction in workforce.

Organizational change and leadership

The organization of the group will be structured around three main areas and 7 divisions in charge instead of 6, worldwide.Management will also be affected by the changes since it provided a renewal of the team. For now, the group does not specify which leaders are concerned. According to Voices, this would be Olivier Houssin (responsible for division services and security), Quentin (aeronautics), Marc Darmon (naval) and Richard Deakin (Air Systems).

Thales has this plan to improve profitability, affected by the crisis in air traffic, the budget constraints of state and the weak dollar against the euro. In November, the group reported a stable turnover in nine months. In the first half, operating margin was 1.2% emerged as against 6.6% a year earlier at the same time.

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