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Ambitious Restructuring Plans for S&T

Published: December 5, 2011; 08:35 · (Vindobona)

After serious troubles in 2010 and 2011, the Viennese software consulter should leave the red zone next year. The new CEO, Hannes Niederhauser, is cautiously optimistic.

Ambitious Restructuring Plans for S&T / Picture: ©

Hannes Niederhauser, who is in charge of S&T´s CEO for one week, aims to downsize the activities in order to realize savings. As a first step, Niederhauser resigns his salary. “As a result, costs for the top-management can be reduced significantly”, he explains.

Niederhauser is an owner of the Austrian software engineering company Quanmax, the new major shareholder of…

This article includes a total of 226 words.

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