Martela Corporation starts eur 4 million cost efficiency program

Martela continues the cost efficiency improvements started in 2018 in order to improve its profitability. Target for the cost efficiency program is to reach EUR 4 million annual savings. Purpose of the planned actions is to align company’s cost base to meet current market conditions and to secure set profitability targets. In addition to decrease fixed costs, company is also investigating other alternatives to change cost base to be more flexible. Planned savings will start to materialize gradually from the beginning of 2020 and will have full impact by the first quarter of 2021.

Read full article here: (YAHOO! FINANCE) 

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