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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.

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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