In order to finance its future growth and consolidate its leading position in the tableware market, Arc France recently announced the Synergy 2020 plan, a comprehensive two-year plan based on six measures to avoid the risk of filing for bankruptcy as Arc France faces an increased need for cash.
The “Synergy 2020” plan is based on 6 measures, some of which include, improving sales profit by creating “Business groups”, changing working hours for all employees along with numerous retirements to help reduce labour costs. Centralizing internal maintenance teams into one team, the sale of some of its warehouses following the decline of stocks in 2018, and the mechanising of packaging operations.
After negotiations with partners in the coming weeks to discuss the aspects of the project, the Synergy 2020 plan should be enforced by early April 2019.
Website: www.arc-intl.com