Ferroglobe Engages with the European Works Council on Proposals to Optimize Its Asset Footprint and Enhance Competitiveness in Europe
Through a broader strategic turnaround plan,
- Adjusting our asset footprint to align production capacities and demand by focusing on the most technically advanced, operationally flexible and financially competitive sites;
- Focusing on the sites which support the broader commercial strategy and shift in product mix;
- Deploying resources at sites which provide significant opportunity to make further production cost improvements to ensure competitiveness through the cycle; and
- Trimming down costs with further efficiency and reduction in overhead.
The planned adjustment of production capacity is a further step to adjust our fixed cost structure and is a continuation of similar actions that have recently been taken in
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Executive Vice President - Investor Relations
Executive Director – Communications & Public Affairs