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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Bene implements further restructuring steps

Tuesday 30 July 2013

Bene AG, which is listed on the Vienna Stock Exchange, announced yesterday that it has implemented numerous measures in recent months aimed at group restructuring. As a further step in this restructuring concept, Bene will now be focusing exclusively on markets with ‘great potential for growth’ and on orders generating strong earnings. At the same time, all sites have been and will continue to be subject to in-depth analysis, with unprofitable sales offices being withdrawn, particularly international ones. Against this background Bene will continue to streamline the Group’s business and, with a planned turnover for 2013/14 of EUR 175 million, will be cutting the workforce globally by around 150 people by year end 2013. Negotiations with the financing banks are also in the final stages and will soon be completed. As such, the restructuring at Bene is going according to plan, meaning that the Bene Group’s Executive Board is confident that it can return the company to the success it enjoyed in previous years.

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