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Salomon / Atomic to Downsize
 Poster: A snowHead
Poster: A snowHead

Amer Sports, the Finnish owner of Salomon and Atomic (as well as Suunto, and Wilson), has announced a substantial restructuring programme for its Winter and Outdoor unit. It aims to reduce personnel globally by around 400 people, creating estimated annual savings of EUR 20m from 2009 and the manufacture of skis in France and ski boots in Austria will be discontinued... As a result, purchasing and sourcing will be consolidated. There is also a drive to streamline costs in R&D, sales and overall administration.
In conjunction with the restructuring news, Amer confirmed that weather conditions have been good. Nevertheless, 2007 winter sports re-orders were modest and December sales came in below expectations. Winter sports sales fell 27% in 2007, while the expectation had been for a decline of 20%.
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person

Full press release here:
http://www.amersports.com/media/releases/view/21154355d910a8146efe198b6e524ffb.html
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