Bandag sacks many executives in Europe in “right sizing”

Brussels — Bandag Europe says it “has had to part with several field people, operating mainly in the South of Europe and CIS countries.
Some staff in the headquarters in Brussels were also affected. In total 16 people left the company.”

The most significant losses were Peter De Cabooter, Director of Sales and Lennart Lindström, Product Manager Europe.

The company said, “In terms of sales growth and profitability, 2005 has been a challenging year. Given the general market trend in the
tyre business in Europe, most of our markets…

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