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BRIEF-Transpacific Industries Group commences cost reduction program

Published 30/10/2015, 09:58 am
© Reuters.  BRIEF-Transpacific Industries Group commences cost reduction program
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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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