Restructuring in Central and Eastern Europe
Presentation of study's results
Due to the financial crisis and unsolved structural problems, the need for restructuring in Central and Eastern Europe (CEE) is growing. Companies in the region are responding more and more quickly to crises, but more often than not, the necessary early warning systems are still lacking. When companies in this region restructure, they try to increase sales and reduce material costs. Reducing HR costs is (still) not a main focus – in contrast to Western Europe. Low equity remains a problem for companies in CEE. These are some of the interesting findings from the study "Restructuring in CEE". The survey was presented by Managing Partner Rupert Petry at the CE Business Club – a common event series together with Erste Group.
More than 90 attendees discussed this hot topic with Klaus Bergsmann (Erste Group Bank AG, Head of Group Initiatives), Zoran Jašić (Ambassador of Croatia) und Ernest Schinewitz (Brenntag CEE GmbH, CFO). 69% of the companies surveyed have taken restructuring actions in the past three years – this figure will grow during the next years because of the financial crisis. The top reason given for restructuring was reorganizing structures and processes, followed by reducing costs and realigning strategy. This is the same breakdown as in Western Europe.
This is the fourth time that Roland Berger Strategy Consultants has conducted its international restructuring study.
Due to the financial crisis and unsolved structural problems, the need for restructuring in Central and Eastern Europe (CEE) is growing. Companies in the region are responding more and more quickly to crises, but more often than not, the necessary early warning systems are still lacking. When companies in this region restructure, they try to increase sales and reduce material costs. Reducing HR costs is (still) not a main focus – in contrast to Western Europe. Low equity remains a problem for companies in CEE. These are some of the interesting findings from the study "Restructuring in CEE". The survey was presented by Managing Partner Rupert Petry at the CE Business Club – a common event series together with Erste Group.
More than 90 attendees discussed this hot topic with Klaus Bergsmann (Erste Group Bank AG, Head of Group Initiatives), Zoran Jašić (Ambassador of Croatia) und Ernest Schinewitz (Brenntag CEE GmbH, CFO). 69% of the companies surveyed have taken restructuring actions in the past three years – this figure will grow during the next years because of the financial crisis. The top reason given for restructuring was reorganizing structures and processes, followed by reducing costs and realigning strategy. This is the same breakdown as in Western Europe.
This is the fourth time that Roland Berger Strategy Consultants has conducted its international restructuring study.
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