KBA Leader Resigns Amidst Losses

KBA expects to eliminate about 800 employee positions in the sheetfed division by the end of 2009. Due to the global recession, the company anticipates another 20 percent reduction in sales.

Bolza-Schünemann held the top executive titles since 2003. His brother, Claus, is now the only representative of the founding family on the KBA board.