Iveco has re-shaped its organisation structure with effect from the beginning of 2006. The restructuring is aimed at reducing overheads and making the structure more efficient so the commercial vehicle maker can meet profit targets.
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The new team headed by Iveco chief executive Paolo Monferino will guarantee effective management through rapid, lean processes, internal synergies, enhanced global approach and by focusing resources on the customer, said the company in a statement.
In line with the objectives of the parent Fiat group, the main philosophy behind the new organisation is the attribution of greater responsibility to individuals, team work and rapid response.
