Cairo: Israeli containerline ZIM has set out plans for a much slimmer organisation post-restructuring.
In a statement released yesterday, the line laid out its intentions to streamline operations around the world by creating what it termed a “functional structure”.
“This shift to global functions is being done in an effort to allow ZIM to react more rapidly to customers' needs, especially global customers who want standardized processes and interfaces across the globe,” the line maintained.
In October, ZIM’s parent Israel Corp announced plans to list a company comprising some of its less profitable assets in Tel Aviv and New York and inject about $100m into the business. The spin-off – Singapore-incorporated Kenon Holdings – will include five units: boxline Zim, chipmaker TowerJazz, Qoros Automotive, IC Power and IC Green Energy. [18/12/14]