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GN ReSound EUHA 2009 - GN Store Nord

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3<br />

Restructuring Program Initiated Q1 <strong>2009</strong><br />

Optimize for<br />

current business<br />

Explore and exploit<br />

efficiencies<br />

Long term efficient<br />

structure<br />

Target Status<br />

Re-align organization<br />

to new economy and<br />

save cash<br />

Review of current<br />

business procedures<br />

with regards to cost<br />

and terms<br />

Transformation of<br />

organization –<br />

Rethinking structure<br />

and competitive<br />

levers<br />

� Positions reduced by<br />

more than 250<br />

� Business reviewed<br />

� Consolidation and focus<br />

throughout value chain<br />

� Subsidiaries focus on<br />

sales<br />

� HQ relocation<br />

� Functions consolidated<br />

� New more lean and<br />

commercially oriented<br />

organization defined<br />

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