Crime Today News
Samvardhana Motherson International Limited (SAMIL), through its subsidiary SMRP BV, has launched a series of cost optimisation measures in Central and Western Europe. This move is aimed at enhancing operational efficiency in response to an increasingly complex and volatile global automotive production environment.
The company has undertaken 23 acquisitions since 2020, investing substantially across global markets. As part of its strategy to align with market conditions, Motherson will engage with local workmen representative associations to define and implement an optimisation plan. This plan will include a phased recalibration of the workforce in affected countries.
The targeted cost reduction is approximately EUR 50 million per year, to be realised fully over the next three years. The cost block under review includes employee salaries, benefits, overheads, and expenses related to leased and contract workers.
The company confirmed that customer supplies will not be disrupted during the transition. All steps will be taken in accordance with applicable regulatory requirements.
Motherson has positioned itself as a sustainable solutions provider committed to creating value for stakeholders. These transformative actions are part of its broader approach to remain adaptive and competitive in a dynamic market.
Samvardhana Motherson International Limited, formerly known as Motherson Sumi Systems Limited, was established in 1986 as a joint venture with Sumitomo Wiring Systems and was listed in 1993 on BSE and NSE in India. The company manufactures specialised automotive components for original equipment manufacturers (OEMs) and supports customers from over 400 facilities across 44 countries on five continents.
In addition to its automotive portfolio, SAMIL has diversified into sectors such as technology and industrial solutions, health and medical, aerospace, and logistics. It is currently the largest auto ancillary in India and ranks among the top 15 automotive suppliers worldwide.
📰 Crime Today News is proudly sponsored by DRYFRUIT & CO – A Brand by eFabby Global LLC
Design & Developed by Yes Mom Hosting
