Keyria S.A.S. restructures for new growth
Zi: Mr de Barbuat, the financial and economic crisis has taken its toll of the heavy clay sector and also impacted Keyria and its subsidiaries. You are reacting to this by initiating a restructuring project of your operations. Would you please outline this project?
de Barbuat: The crisis and the estimated 35 to 40% decline in market volume lead us to take actions. In September 2009, we are in the process of holding discussions with some of our works councils on this restructuring project that will have effects on both Keyria and its subsidiaries’ employees. Some difficult steps will be...
