” There are no magic ideas ” but ” many initiatives on cost and expense items, the organization of offices abroad, the organization of administrative processes, which will lead to savings when these are fully implemented. We have given an indication today, which is that of 84 specific initiatives so far that when implemented will bring savings of 100 million. We’re not talking about layoffs here. ” “There is a reinterpretation of Saipem’s operating machine in a key of more simplicity and efficiency. ” This was stated by Saipem’s CEO and General Manager, Francesco Caio, during the press conference following the dissemination of the data relating to the first semester of the group.
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