Restructuring at Balta

The British Victoria Group has provided an update on its efficiency and cost reduction programme. Fixed costs have already been reduced by £12 million (€14.5 million) by the middle of the 2024/25 financial year. An additional £20 million is expected to be saved in the second half of the year, partly through restructuring measures at its subsidiary Balta. By the end of the 2026/27 financial year, the flooring manufacturer aims to achieve total savings of over £80 million.

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