Heidelberg Reports Orders Stabilize, Revenue Lower in First Quarter
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Around half of the 5,000 job cuts announced by Heidelberg have already been achieved or firmly agreed through socially acceptable measures. To make further short-term savings on personnel costs, the company is continuing to make use of short-time work throughout Germany.
In the first quarter alone, just under 600 employees left the Group (including approximately 60 temporary agency staff). As of June 30, 2009, Heidelberg had a workforce of 18,353 worldwide (previous quarter: 18,926).
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