VDM in damage control

MINING and civil contractor VDM Group is hoping a management shake-up and restructure plan in response to an industry-wide slowdown will help it turn the corner after delivering a net loss after tax of $A35.5 million for 2010-11.

VDM in damage control VDM in damage control VDM in damage control VDM in damage control VDM in damage control

The company is undertaking a major restructure as it looks to slash costs by selling non-core assets, including surplus equipment and its property portfolio, and improve cash flows.

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