Basic HTML Version
Decentralising
several functions such
as procurement
management, human
resources, and legal
counsel
The new organization implies the decen-
tralisation of certain functions, such as
procurement and human resources mana-
gement, and legal counsel. The objective is
for the business units to be totally respon-
sible for their profit and loss accounts. The
greater autonomy of managers is compati-
ble with the respect for general policies and
management models to be defined by the
Group’s Steering Committee.
Management control, which will now be
transferred from the Corporate Administra-
tion Department to Finance, will be redesig-
ned and shored up so that it will be capable
of strictly monitoring the results of each bu-
siness area and preventing situations such
as the one at Alpine.
Cost reduction and personnel
downsizing
The new model will generate structural
cost and personnel savings in the central
services and in the various business units.
The objective is to slash structural costs
by at least 140 million euros on top of the
reduction already achieved throughout the
Group, including the new adjustment plan
that was implemented recently by Cemen-
tos Portland Valderrivas.
The divisions will now have to reorganize
their regions and branch offices.
Along these lines, the Board approved the
integration of the Versia and Industrial Was-
te activities in the Environmental Services
division. In Construction, deployment is un-
derway to concentrate in the countries and
projects where the group can capitalise its
competitive edge. A substantial reduction in
the lumber of legally established companies
will be carried out in Services and in Cons-
truction.
o r p o r a t e