One of the world’s largest automotive suppliers, launches a corporate and global cost reduction and productivity program to increase competitiveness. The program was extended to all areas of the company, development, materials, manufacturing, logistics and administration. Thomas Schmidt takes over the management of a Quick Saving project together with a selected project team from the consulting firm McKinsey. He then takes over management of the program for the Powertrain Electronics division. In addition to target definition, implementation tracking and reporting, he is responsible for rollout, training and support at the Regensburg (Germany), Toulouse (France) and Ichon (Korea) sites. As a key success factor for the targeted turnaround, the division manages to return to positive EBIT within one year. The program generates savings of more than EUR 60 million in each of three consecutive fiscal years.