Graphene Manufacturing Group announces organizational restructuring to cut operating costs
Graphene Manufacturing Group (GMG) has announced it will be implementing a strategic organizational restructuring to reduce operating costs, while maintaining focus on key business objectives including graphene production, energy-saving product revenue, next-generation battery development, and supply chain enhancement.
The organizational overhaul is expected to cut operating costs by A$4.5 million (almost USD$3 million) per annum, according to a statement by the company.