Valora to invest in its Luxembourg operations by modernising structures

As part of its strategy programme, Valora is taking further steps to enhance its services to customers. In a challenging economic environment, the Valora Group is to make additional investments in its Messageries Paul Kraus S.à r.l. and comprehensively modernise its structures in Luxembourg. The objective is to raise efficiency levels by deploying standardised processes and uniform systems, thus deriving greater benefit from synergies within the Valora network. The services Valora offers its retail and publishing partners will be further expanded and professionalised. Specifically:

• Newspaper and magazine wholesaling will be re-configured, using the Group’s standardised processes to provide enhanced market coverage;
• IT processes for press product flow management and finance will be transferred with the Group’s modern platforms;
• Existing logistics systems will be replaced by new, high-performance technologies, thus further streamlining the distribution of newspapers and magazines;
• Parts of the purchasing, finance, IT and administration functions will be centralised at group level

While Luxembourg is of critical importance to Valora’s international media strategy, a number of changes to organisational structure and staffing levels are essential. These will be carried out with due regard to the interests of all social partners. Employees’ representatives have been both informed of and consulted regarding forthcoming talks on possible social plan negotiations.

„Valora is investing in the long-term competitiveness of its Luxembourg operations. The planned restructuring aims to strengthen our position in an increasingly demanding press and books market”, said Thomas Vollmoeller, Valora CEO and Chairman of Messageries Paul Kraus’s S.à r.l. Conseil de Gérance.