Free Cash-Flow Boosted and Increase in Currency-Adjusted Order IntakeBy Sulzer
Lower volumes triggered targeted measures to adjust the capacity of the company. Sulzer is adapting its manufacturing footprint, and has streamlined its manufacturing capacities in the Pumps Equipment division in China, Brazil, and the US. In the Chemtech division, the company has adapted the operational setup, and it has discontinued parts of its manufacturing activities in China, Singapore, Canada, and Switzerland. Sulzer is restructuring service centres and is improving operations in its Rotating Equipment Services division in the UK and other parts of Europe. To counter the adverse developments and adjust operations to current volumes, the company reduced its workforce by 635 at the end of June. Due to headcount additions from acquisitions and in some growing businesses, this results in a net reduction of 335 employees at group level in the first half of 2015.