Heidelberg Concludes Negotiations on Planned Job Cuts

In addition to the agreed severance arrangements, Heidelberg is offering all employees affected the opportunity to move to a transitional company for 12 months as of March 1, 2010. The measures now agreed with the Works Council and the IG Metall union will be implemented by the end of March 2010. All costs associated with this restructuring have already been incorporated in the accounts for financial year 2008/2009.