DENMARK: DANFOSS TO TRIM GROWTH FORECASTS

Article Abstract:

Danfoss is to trim downwards its forecast for growth in sales for 2001 from the previous 10% to 6%. This would mean that its sales would reach DKr0.9bn (US$109mn) in 2001. Danfoss finance manager Ole Steen Andersen ascribes the reduced growth forecast at Danfoss to the weakening of the North American and Asian markets.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

DENMARK: DANFOSS TO CUT COSTS

Article Abstract:

Danfoss is to cut costs by reducing staffing levels. 32 jobs will be lost, which will result in a savings of 20%. This move stems from an analysis conducted by McKinsey into the company.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

DENMARK: DANFOSS AIMS TO FIND A NEW PARTNER

Article Abstract:

Danfoss aims to find a new partner or several partners for its motion control unit. This is required if Danfoss is to achieve its target of a dominating position in the global market.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: