TROY, MI—Eisbrenner Public Relations has added a restructuring competency that provides strategic communications support for automotive suppliers as they manage restructuring opportunities in the changing automotive landscape. The group will lay the groundwork for companies to implement effective communication during all restructuring efforts, including acquisitions, mergers, expansions, downsizings and bankruptcies.
“Statistics show that business change—positive and negative—is inevitable in the near future,” says Tom Eisbrenner, president of Eisbrenner Public Relations. “Successful companies will be those that take full advantage of this change, manage perceptions of their organizations and actively communicate their progress, rather than allowing change to happen to them..”
According to several industry sources, consolidation will be the most prevalent form of restructuring among auto suppliers. KPMG, a U.S. audit and tax advisory firm, recently surveyed senior automotive executives, and most expect alliances, mergers and acquisitions among suppliers to increase dramatically over the next five years.
Eisbrenner PR’s portfolio of restructuring services creates consistent communications to employees, customers, government, suppliers and the community.