Boss 目的（とする）s for Invensys 上げる

By Matthew Fletcher
Updated: 00:00 BST, 10 September 2000

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Invensys boss Allen Yurko is 均衡を保った to renegotiate multi-million 続けざまに猛撃する 契約s with the company's major 顧客s in an 試みる／企てる to 解除する its 急落するing 株 price.

The 計画（する）, 目的（とする）d at 安心させるing 投資家s worried about the group's prospects, comes as the Invensys 長，指導者 (n)役員／(a)執行力のある is reeli ng from a 株式市場 大勝する.

The company's 株 price fell by 36% to 168p に引き続いて a 警告 on Thursday that half-year results would be below last year's 業績／成果. 株 の近くにd at 156p on Friday .

It could leave Invensys, which makes 支配（する）／統制するs and automation systems for 会社／堅いs and 世帯s, 攻撃を受けやすい to a 引き継ぎ／買収 from 巨大（な） American 競争相手s Emerson and Honeywell.

Yurko said: 'We have 条項s in our 供給（する） 契約s that 許す us to renegotiate the 条件 by about 2% to 3% if our costs rise. We now have the 弾薬／武器 to start those discussions.'

Yurko said on Thursday that 3,000 職業s would go in a cost-cutting 運動 in Mexico and the US. And he is stepping up moves to shed 1,000 職業s at Dutch ソフトウェア company Baan over the next six weeks.

He also 計画（する）s to の近くに up to 40 of the group's offices 世界的な に引き続いて the 取得／買収 of Baan in August.

Yurko 非難するd the 本体，大部分／ばら積みの of Invensys's problems on rising microchip prices and 欠如（する） of 投資 by big oil and gas companies.

The strong dollar, which makes the group's US-made 支配（する）／統制する systems more expensive to 顧客s 世界的な, has also 傷つける 利益（をあげる）s, he said. But the 計画（する） will be seen in the City as a 事実上の admission that Yurko, who won his 刺激（する）s running the Siebe engineer 商売／仕事 before it 合併するd with BTR two years ago, has failed to take account of tougher market 条件s.

Howard Wheeldon, 分析家 at 財政／金融 group Prudential Bache, said: 'Invensys has been running 急速な／放蕩な, but its 戦略 has been 設立する wanting. Yurko will 直面する a 堅い ride for some time.'

City 分析家s believe that Invensys's half-year results could be 10% 負かす／撃墜する on previous market 期待s of over £550m when it 報告（する）／憶測s on November 29.