FAG Kugelfischer : A German Restructuring Case Solution
Challenges were faced by the German manufacturer of ball bearings as well as precision machinery due to the poor performance of the management, as it was an acquisition of the previous East ball bearings of the German business, and an industry downturn.
The business hires a German professional turnaround manager who in past reversions of German firms has participated in "U.S.-fashion" corporate downsizing practices including huge layoffs and asset sales.
PUBLICATION DATE: March 12, 1998
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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