dormakaba initiates transformation program to strengthen the company for the future - Seite 2

The program aims at boosting network and production efficiency and expanding procurement improvement efforts. It also includes the establishment of shared service centers for Finance and HR. The new organizational structure will focus all R&D efforts and shorten time-to-market. This will be supported by nearshoring and consolidating development resources, including newly established dedicated R&D Centers. Supporting all these initiatives, dormakaba will reduce IT systems complexity and costs while enabling process efficiencies and standardization across its operations. 

All the organizational changes will come into effect step-by-step starting in 2023/24 once negotiations with the respective workers’ representatives have been completed in a socially responsible manner. 

Jim-Heng Lee, dormakaba’s CEO, says: “We are intensifying our effort to become an undisputed industry leader that achieves above-market growth. This effort will free capacity for further investments in growth and strengthen our innovation capabilities. We are determined to get it right and will continue our path of sequential improvements. Eventually we must get better before we get bigger”.

Beyond the program, dormakaba remains committed to implementing strategies that create headroom for further investments in sustainable growth initiatives and innovation capabilities. Starting from 1 July 2023, dormakaba is operating under a more streamlined organizational structure, as announced on 30 March 2023. The new setup will sharpen the company's focus on its core markets, where it owns strong competitive positions. 

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