KONE Corporation, stock exchange release, September 26, 2017 at 09.35 a.m. EEST
KONE updates its 2017 business outlook to take into account restructuring costs from the Accelerate program, current foreign exchange rates and the latest business performance forecast
KONE announced today a program to accelerate the execution of the Winning with Customers strategy and to support profitable growth. As part of the Accelerate Winning with Customers program, KONE plans to adjust its organization and operations, and expects annual cost savings of around EUR 100 million from the end of 2020 onwards. The restructuring costs related to the program are expected to amount to approximately EUR 100 million, the majority of which is expected to ac…