Dr. Wamser + Batra (WB) took over acute in autumn 2014 Crisis management an Indian subsidiary of a European group. The restructuring of the company was successfully completed in spring 2016.
5 to 12 in India: Near bankruptcy, strikes, complete loss of control
The suffering was very great because the company in India was on the verge of bankruptcy. Accumulated losses, outdated production technology, high overdue customer receivables and supplier payables were just some of the constraints the company faced in India.
In addition, there were ongoing disputes with the Indian workforce, accompanied by aggressive strike behavior by local unions. Some employees no longer dared to go into their own company because they feared for the safety of themselves and their families, and the European company de facto no longer had any access to its own structures in India. A necessary restructuring of the company could not be initiated under these conditions.
Crisis management and site closure
Therefore, almost two years ago, the European group commissioned Dr. Wamser + Batra, to de-escalate the heated atmosphere, identify possible solutions and carry out the necessary renovation measures on site, including site closures and site sales.
Ralph Tobergte: Crisis Manager for India
“It was an extremely tense situation”, So Ralph Tobergte, who took over project management on site as WB's interim manager, “The difficulty of the task for WB was to break down the positions of employees and employers that had hardened over the years and to find an amicable solution for the economically very struggling company.”.
Dr. In addition to Mr. Tobergte, Wamser + Batra has provided additional interim managers and technical experts over the last two years Location closures and Site sales carried out expeditiously and in full accordance with Indian laws.
Comprehensive social plans were negotiated and the tense situation was quickly de-escalated. “It can certainly be seen as an extraordinary success that there were not a single labor court proceedings”, says Dr. Johannes Wamser, managing director of Dr. Wamser + Batra GmbH.
Successful restart in India
Afterwards, Dr. Wamser + Batra played a leading role in finding a sustainable basis for the company to remain in the Indian market. The measures then carried out by WB included the realignment of the production and product range structure, accompanied by the reorganization of top management, purchasing, sales and corrections in the company's financing. “Intense collaboration between corporate headquarters and the local organization was then possible again in a targeted manner.”said project manager Tobergte.
The customer is also very satisfied:
“WB provided us with excellent support in our difficult situation and successfully completed the work well ahead of schedule and well below the specified budget limit. Our Indian company has been freed from the baggage of the past and, thanks to the reorganization initiated by WB, is now in a position to shape the future in India with lasting success.”
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