DENMARK: DANFOSS TO TRIM GROWTH FORECASTS

Article Abstract:

Danfoss is to trim downwards its forecast for growth in sales for 2001 from the previous 10% to 6%. This would mean that its sales would reach DKr0.9bn (US$109mn) in 2001. Danfoss finance manager Ole Steen Andersen ascribes the reduced growth forecast at Danfoss to the weakening of the North American and Asian markets.

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DENMARK: DANFOSS TO CUT COSTS

Article Abstract:

Danfoss is to cut costs by reducing staffing levels. 32 jobs will be lost, which will result in a savings of 20%. This move stems from an analysis conducted by McKinsey into the company.

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DENMARK: DANFOSS AIMS TO FIND A NEW PARTNER

Article Abstract:

Danfoss aims to find a new partner or several partners for its motion control unit. This is required if Danfoss is to achieve its target of a dominating position in the global market.

Abstract, Danfoss A/S

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