Protector wants to reduce costs in 2018 by PLN 10 mln

In 2018 Protector - manufacturer and distributor of safety, specialized and military footwear - intends to implement cost optimization program and save PLN 10 million - the company said in a statement. Protector assumes that part of the reduction initiatives will bring effects as of September, while the last ones will contribute at the end of 2018. The second phase of cost optimization will be implemented in 2019 with effect from 2020. The initiatives include a new model of purchasing (PLN 4.5 million in annual savings), optimization of production paths (PLN 4 million savings per year), sales of real estate at ul. Kunicki in Lublin - PLN 0.7 million savings annually, as well as savings in combining the companies in the group - PLN 0.8 million per year.