Global Manufacturer of Advanced Magnetic Materials and Related Products Success Story Building a collaborative culture and enabling growth in a highly unionized environment The challenge Our client is a leading global manufacturer of advanced magnetic materials and related products. The company’s range of products includes parts for electronics, magnets and magnet assemblies for use in a wide variety of fields. Despite a multimillion-euro turnover, the company was not posting an operating profit and was hindered by a highly unionized environment and a restrictive collective bargaining agreement. Two business units were facing low growth and high stock, while the third had high growth, low productivity and struggled to fulfill client demand. The new owners wanted to transform the

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