EMCC European Monitoring Centre on Change

Heidelberger Druckmaschinen AG

Company/Organisation:
Heidelberger Druckmaschinen AG

Geographic Location

Country: World

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
18 - Printing and reproduction of recorded media
Number Employed: 24181

Employment Effects

Announcement Date: 22-04-2003
Planned Job Reductions min: 3200
Planned Job Reductions max: 4200
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-04-2003

Additional Information

The restructuring plan announced on October 10 2002 implies 2,200 job losses, included those announced earlier. This efficiency-enhancing programme initiated in the fall of 2002 is extended by a further savings potential of 80 million euros per year. The planned measures to cut costs will affect some additional 1,000 jobs worldwide. The possibility of further closures of Heidelberg production sites worldwide is also being examined. November 2003. Heidelberg will cut down workforce by up to 1000 jobs worldwide.