Heidelberg, Workers Reach Agreement on Cost-Cutting Measures

"Following constructive talks, management and employee representatives have agreed on a Heidelberger Weg (Heidelberg Way) - a strategy for adapting existing capacities to the order situation while still keeping as many staff and thus as much valuable know-how as possible at the company. We have also achieved our savings targets," said Heidelberg CEO Bernhard Schreier. "The package of measures now agreed marks a new departure for everyone involved in the negotiations and demonstrates a great sense of responsibility on all sides," he added.