The management board of Heidelberger Druckmaschinen AG (Heidelberg) has adopted a wide-ranging plan to reduce its structural costs and improve profitability. The company plans to cease production on unprofitable businesses, reduce its global workforce by up to 2,000 jobs, and almost eliminate its debt burden.
Heidelberg to Cease Production of VLF Offset Presses, Primefire; Will Cut Up to 2,000 Jobs
The management board of Heidelberger Druckmaschinen AG (Heidelberg) has adopted a wide-ranging plan to reduce its structural costs and improve profitability. The company plans to cease production on unprofitable businesses, reduce its global workforce by up to 2,000 jobs, and almost eliminate its debt burden.