Heidelberg Implements New Corporate Structure, Targets Break-even Financial Results
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From financial year 2011/2012, the lowering of structural and personnel costs will result in annual savings of approximately EUR 80 million. The plan is to achieve EUR 60 million of these savings already in financial year 2010/2011. Some EUR 30 million of the costs resulting from these job cuts will be additionally booked in financial year 2009/2010, with a further EUR 20 million to be booked in the next financial year.
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- Companies:
- Heidelberg
- People:
- Bernhard Schreier
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