Heidelberg's 'Focus' Program to Cost 2,000 Jobs

HEIDELBERG, GERMANY—As announced in November 2011, the management board of Heidelberger Druckmaschinen AG (Heidelberg) has agreed on the “FOCUS 2012” efficiency program to achieve the company’s profitability targets. As a result, as many as 2,000 job cuts are planned worldwide.

The aim is to ensure that Heidelberg's target operating result before special items of around US$194 million is still achieved in financial year 2013/14 and the company can independently continue to build on its position in the future.