Excellence Program 2019–2021
On track to achieve the targeted annual EBITDA contribution
The ongoing Excellence Program is expected to contribute €2 billion to EBITDA annually from the end of 2021 onward compared with baseline 2018, including from the reduction of around 6,000 positions worldwide until the end of 2021. This decrease results from the organizational simplification and from efficiency gains in administration, the service units and the operating divisions. In addition, central, functional and regional structures are being streamlined in connection with portfolio changes.
|Operational excellence||Measures with focus on production, logistics and planning|
|Leaner structures||Personnel cost savings: reduction of ~5,600 positions globally achieved by the end of 2020; around 7% of the personnel reduction delayed into 2021
|Simplification||Increased process efficiency, e.g., in procurement|
|Innovation||R&D cost reduction via focusing budgets|