Heidelberg Concludes Employee Negotiations to Adjust Production Levels

Global headcount to fall below 14,000 by mid-2014
The agreement reached on a wide-ranging package of measures will ensure the company’s profitability targets can be met. Most of the job cuts in Germany will be achieved by mid-2014 through voluntary redundancies, including options for older staff. This will ensure a balanced age structure at the company and prevent qualified staff from having to leave based on social criteria.