UPFRONT

MAN Roland Cuts Jobs

OFFENBACH, GERMANY—The MAN Roland Druckmaschinen Group has launched a package of measures designed to save around EUR 130 million over the next few years. Fundamental objectives are to streamline the organization and thus accelerate reaction time to changing market conditions. The cost of the restructuring and a decline in sales mean that the company's pre-tax earnings of EUR 10 million are significantly lower than the previous year's figure of EUR 89 million. A total of 373 positions are currently being eliminated in the sheetfed press sector as part of the planned facilities consolidation measures. In addition, further personnel adjustments are planned for both the sheetfed and web press sectors, and for the sales companies.