The EADS subsidiary specialized in the defense and security has announced it [reduces its structures in order to generate at least 200 million euros in savings per year by 2014.
In a statement entitled "Cassidian strengthens its competitiveness", a subsidiary of EADS in the defense and security has announced that it "reduces its structures in order to generate at least 200 million euros in savings by year by 2014. " These conservation measures include the elimination of approximately 850 positions, primarily in managerial and administrative functions.
Beyond its traditional European markets such as Germany, France, Spain and the United Kingdom, Cassidian will strengthen its presence in the Middle East, Brazil, India and the United States. Bernhard Gerwert, CEO of Cassidian said the company wanted to achieve this declining enrollment without resorting to compulsory redundancies.
"We will stabilize our defense and invest more in several segments of the security well chosen systems such as border security and communication systems," said Bernhard Gerwert.