Oct 30 (Reuters) - Transpacific Industries Group Ltd TPI.AX :
* Commenced implementation of a program to simplify its current operating model which is supported by a cost reduction program
* Says steps to improve operational performance will result in a significant realignment of the cost base
* New operating model allows for a clearer focus on empowering staff, reducing management layers and overall complexity across the co"
* Says these steps to improve operational performance will result in a significant realignment of the cost base
* Customer facing areas such as drivers, customer service and sales staff will not be included in these cost reductions"
* Source text for Eikon ID:nASXd821n
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