Thales to disclose revamp plans: report


Luc Vigneron, the recently appointed head of Thales SA, will unveil a restructuring plan on Friday for the defence electronics group, the Financial Times said.

The plan is expected to include targets on cost-cutting and performance and Vigneron is likely to promote a new generation of younger Thales executives rather than bringing senior managers from outside, the newspaper said in its edition today, citing people close to the company.

Thales was not immediately available for comment.