Tuesday 31. March 2009
Heidelberg steps up package of cost-cutting measures significantly
Faced with the continuing poor demand resulting from the global economic and financial crisis, the Management Board of Heidelberger Druckmaschinen AG (Heidelberg) has decided to take further measures to ensure the companys competitiveness and efficiency. By financial year 2010/2011, these measures by the world market leader for printing presses – including the existing initiatives – are intended to result in total savings in the order of 400 million Euro (previous target 200 million Euro) compared to financial year 2007/2008. As a result, the company will be much better equipped to face future challenges and will also be well placed when the crisis is over.