Emirates Global Aluminium nets $5.7m in cost savings


Emirates Global Aluminium (EGA) said it has achieved Dh20.8 million ($5.7 million) in cost savings through its suggestion scheme during the first half of 2019. More than 14,000 ideas were presented by its employees during the period.

Emirates Global Aluminium (EGA) has announced that it had achieved Dh20.8 million ($5.7 million) in cost savings through its suggestion scheme during the first half of 2019.

Starting from this year, EGA employees have put forward over 14,000 ideas to help reduce costs and improve processes at the company's worksites.

EGA also launched a campaign during Ramadan aimed at accelerating the implementation and awarding of creative suggestions generated by employees.

During the month, supervisors and teams involved in implementing suggestions were recognised for their contributions. Some 5,812 employee suggestions were implemented during the month – 41 per cent of the overall number of suggestions submitted in 2019 so far.

EGA managing director and CEO Abdulla Kalban said: "Continuous improvement is an ongoing commitment at EGA and is a responsibility for everyone in the company. We believe that employees who work on daily work processes can present the most valuable suggestions for improving them, helping us to develop and maintain global competitiveness."

"The results of the Ramadan campaign clearly show the success that is achievable through our scheme and we commend everyone who took part," he added.

The Emirati aluminium giant has been operating the employee suggestion scheme since 1981. Last year, nearly Dh50 million worth of savings were generated through a record 38,037 proposals submitted.

Since 1999, EGA has received nearly 500,000 suggestions for operational and technical improvements, out of which 270,000 have been implemented to generate savings of Dh366 million. -TradeArabia News Service