KBA Reports Jump in Press Orders

Market-driven payroll adjustments
At the end of the year the Group workforce totalled 6,419, down 550 from the same time the previous year and 1,700 fewer than before the crisis. The payroll cuts necessitated by diminishing market and sales volumes were implemented in a socially responsible manner to minimise the impact on employees. When consolidation is complete the group payroll will be approximately 25 percent smaller than before. Even so, the group continues to invest heavily in staff training and qualifications. The training ratio rose from 5.8 percent in 2009 to 6.5 percent.