LafargeHolcim announces jobs restructuring at corporate offices

LafargeHolcim has announced proposals to simplify its corporate organisation. Around 200 corporate jobs will go and the corporate offices in Paris and Zurich will close. Remaining positions in Switzerland will be moved to the company's Holderbank site and a new corporate office in Zug. In Paris remaining positions would be moved to Clamart in the southwest of the city. The plan is targeted to be completed by the end of 2018.
 
Jan Jenisch, CCEO of LafargeHolcim: "This painful but necessary simplification step is key to creating a leaner, faster and more competitive LafargeHolcim."
 
According to the plan, 107 jobs in the Zurich area and Holderbank will be impacted and 97 in Paris. No other sites in France will be affected by this plan.
 
The proposals are a key component of LafargeHolcim's Strategy 2022 launched in March 2018, which will enable the company to grow and vigorously capture market opportunities by moving closer to customers in key countries. The simplified corporate organisation outlined in the plan will help facilitate this shift, said LafargeHolcim.

The company is on track to reach the previously announced CHF400m (US$403.1m) SG&A cost saving target by 1Q19. The proposed changes will also help sustain competitiveness and investment in innovation, says LafargeHolcim.
 
The plan is subject to required consultation and regulatory processes in each country and the company will endeavour to minimise the impact on employees and will offer support at affected sites.
 
The proposals are in line with other measures that have already been implemented. These include the closure of corporate offices in Singapore and Miami, the elimination of one layer of management and the near doubling of countries reporting directly to the slimmed down Group Executive Committee.