US$70m cost reduction program designed and execution started in six weeks
Our client needed to restructure the organisation and define the required interfaces, and identify EBITDA improvement opportunities to deliver the expected cost and revenue results.
They needed to urgently drive costs down and increase expected revenue in response to a 70% drop in oil prices.
cost reduction programme designed and execution started in six weeks
of EBITDA opportunities designed to deliver within 12 months against an agressive transformation timeline
reduction in employees and permanent contractors
Examine organisation structure and find opportunities for consolidation and centralisation, and standardisation and automation
Clear plans to take cost out quickly with little / no disruption to operations
Develop detailed EBITDA and free cash flow baseline for the next three years across all divisions in response to a substantially weaker pipeline of work and pricing outlook
‟Partners in Performance have found a lot of value that we would have left on the table, so we could not be more grateful for you. ...this is the first time that the Senior Vice President group has asked for a consulting firm to come back.”
Head of Group, Human Resources
Working with internal service providers and business units to redesign business interfaces supports the continuance of operations when faced with reduced headcount.