Heidelberg Moving Forward with Measures to Achieve Profitability Targets

Among the short-term measures:

• Production capacities will be reduced by around 15 percent and service capacities in the regions will be adapted in line with the expected medium-term level of sales.
• Research and development expenditures will be cut by reducing capacities, further optimizing internal R&D processes, and reprioritizing projects.
• Sales, marketing and structural costs will also be reduced substantially by pooling sales and marketing activities and restructuring individual markets. Comprehensive support for the global customer base will still be ensured.

The entire package of measures will have an impact on the global head count of Heidelberg. Subject to talks with employee representatives, up to 2,000 jobs will be cut worldwide. Based on current plans, around 1,200 production, development, administrative, sales and marketing jobs in Germany and around 800 jobs outside Germany will go. Aa of Dec. 31, 2011, Heidelberg had 15,666 employees worldwide (including trainees).