UPFRONT

More Cuts Slated for KBA

WÜRZBURG, GERMANY—Printing press manufacturer Koenig & Bauer AG (KBA) plans to cut an additional 300 million euros (more than $450 million) in costs by 2013 in an effort to offset flagging sales and right the ship toward profitability, Bloomberg.com reported. 
In an interview, KBA CEO Helge Han-
sen said the company is now seeking 580 million euros in savings through 2012. By mid-year, 300 more positions will be eliminated at the company.