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IOSUAE industrial giant makes $19m savings in 2018
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has announced that it achieved cost savings of AED70 million ($19 million) in 2018.
The savings, made through employee suggestions and continuous improvement projects, represent the highest ever in a year since the programme began in 1981.
Nearly AED50 million worth of savings were generated through a record 38,037 proposals submitted as a part of EGA’s Suggestion Scheme, under which individual employees recommend improvements in their area of operation.
In addition, 201 improvement projects, resulting in the remaining savings were registered through Tamayaz, a cross-functional, team based programme, initiated in 2016 as a mean of problem solving across EGA.
Since 1999, EGA said it has received nearly 500,000 suggestions for operational and technical improvements, out of which 254,551 have been implemented to generate savings of AED345 million.
Abdulla Kalban, managing director and CEO of EGA, said: "We believe that everyone has a role to play in continuous improvement. Employees who are closest to a certain work process are often best placed to spot opportunities to improve it."
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