Heidelberg on track with Focus 2012

- Capacity, shifts and workforce cuts already taking place
 
- On course to achieve operating result of €150m
 
Heidelberg’s Focus 2012 efficiency program remains on course to help the company achieve its targeted 2013/14 operating result.
 
Up to a third of the planned annual savings of around €180 million should be achieved in 2012/2013. This should ensure that the target operating result excluding special items of around €150 million will be achieved in the financial year 2013/2014.
 
Key elements of the program were initiated before Drupa.
 
The company has cut its capacities by 15 percent to reflect the changed underlying conditions.
 
The working time at German sites has been cut to 31.5 hours a week and the remuneration levels reduced accordingly.
 
With the balance of interests and a social compensation plan, the instruments for the necessary personnel adjustment in Germany were agreed upon with the social partners. 
 
As a result, around 80 percent of the individual personnel measures could already be realized. The first staff members have already left the company on a voluntary and mutually agreed basis.
 
In total, the number of employees is to be cut to less than 14,000 by mid-2014 among others by means of socially acceptable measures. As of March 31, 2012, the Heidelberg Group had a workforce of 15,414 worldwide, compared to 15,828 the year previously.
 
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