Air Liquide reported €500m in business efficiencies last year as it strived to be a more streamlined business focusing on IT and portfolio management, according to CEO Francois Jackow.
Speaking on an earnings call today following the release of , he said, “The objective is to reduce several layers throughout the organisation – as an example, we removed regional hubs that were supporting operations in Europe, Americas and Asia.”
He added that it was going “deeper into each entity” to flatten the global organisation and expand the span of control.
“The transformation is almost complete in the Americas and Asia and is well underway in Europe,” he said.
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