Oilgear Announces Timeline for Restructuring of North American Aftermarket and Systems Businesses
Milwaukee, Wisconsin (PRWEB) November 06, 2015 -- Oilgear has announced plans to complete the overhead restructuring of its Milwaukee, Wisconsin Aftermarket and Systems business divisions by the first quarter of 2016. The goal of the overhead restructuring is to enable Oilgear to be more cost-competitive and customer-responsive, as well as to renew Oilgear’s focus on engineering and product development.
Initiated in late 2014, this transition involves the local outsourcing of the Aftermarket machining, the relocation of the Aftermarket business division to Oilgear’s Traverse City, Michigan facility, and a restructuring of the Systems business division in Milwaukee, Wisconsin.
The local outsourcing of the Aftermarket machining will allow Oilgear to be more nimble with reduced overhead costs, as well as enable Oilgear to direct more focus towards customer service, engineering and product development. The relocation of the Aftermarket business division to Oilgear’s Traverse City, Michigan facility is being done in an effort to consolidate the customer service and production resources associated with serving Oilgear’s North American Aftermarket business. The Systems business division is being restructured to place an emphasis on future engineering projects that lie within Oilgear’s core competency.
“Over the years, our fixed costs have gradually crept upwards,” says President, Craig LaFave. “Our hope is that by reducing our overhead, we’ll reduce cost, and be better positioned to serve our customer base. We’re more than half way through our overhead restructuring and are in the middle of investing $10 million at our Fremont, Nebraska pump plant. Oilgear is not going anywhere.”
Josh Groves, Oilgear, http://www.oilgear.com, +1 2319447175, [email protected]
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