Company Re-Structuring

New CEO came on-board on the 1st Dec 2006. Having worked in EMS industry and vast experience in manufacturing and sales, he seems to be a tough guy. His MBO is to slash cost by 100million euro and reduce head count by 4,000 in order to turn the company around to better position. Scary targets and fierce management. His action has caused major "strike" in our Europe factories as he plans to downsize HQ operation as part of the 4,000 cut. In APAC, our SCM department has seen 3 silent "head-cut" so far and we are not sure how many more to come. This is worse than "fear-factor" as we have no hints about when our turn will come. It was a sad moment for our department this week. Anyway looking at the positive side, we will only be able to stay on our job for long if the company survives. It is a cruel world.