KBA Halves Loss with Spike in Press Orders

Consolidation on course
At the end of June the KBA group employed a total of 6,445 people, almost 1,000 fewer than at the same time last year (7,411) and 1,700 below the pre-crisis peak in summer 2008. Existing redundancy and phased-retirement schemes will reduce the total by approximately 300. By the end of the year the personnel cuts initiated in spring 2009 will be largely completed, leaving a payroll of around 6,100.