Koenig & Bauer AG Reports Good Start to the 2011 Business Year

Adjustments at web press plants not yet concluded
At the end of March the KBA group’s payroll totalled 6,404. Excluding employees at three newly consolidated sales and service subsidiaries in China and Italy this was 214 fewer than twelve months earlier. With demand for big web presses unlikely to revive in the foreseeable future, management sees a need for further capacity adjustments at KBA’s web press production plants.