China Financial Daily

KBA layoffs: German KBA laid off 700 employees in response to the global economic crisis
KBA will be mainly for its Sheet-fed Offset Press departments around 700 job cuts to cope with the global economic crisis and the world market demand is as high as 40% of the decline.

The impact of layoffs by the largest KBA Radebeul near Dresden, Germany manufacturing plant, this plant by the end of March up to 2100 employees.

Bao overseas in high-sheet offset press sector, more retrenchment measures have been introduced.

KBA claims that in Radebeul, Germany, metal Union of Trade and Industry regional office in Dresden trade unions and the management of high-Po has developed a social welfare program in order to balance the various interests involved.

All of the layoffs will affect a total of 650 jobs.

Economic difficulties brought about by the impact will be avoided as much as possible, the company pointed out that high, Radebeul remaining jobs will be guaranteed a job security plan has been the implementation of the December 31, 2011.

Ko Po explained that in the last year has been provided for these measures to protect the funds.

KBA believes that through in terms of human and material cost reduction, conservation of these important and will help company performance significantly improved.

Similar measures are expected to increase the utilization of existing human resources, including those hired in November 2008 in the short-term workers.

Accordingly, the company’s board of directors has declared a can in the future than in 2008 to improve the profitability of the high-Po plan.

The company’s chairman and CEO Helge Hansen said: “We can not be responsible for the outbreak of financial crisis, but like many other export-oriented company, we bring to bear the results of it.”

“Sheet-fed Offset Press it our most influential sector.”

“It’s like those carried out by the adjustment of Radebeul, which is always very painful, not only to those who have a direct impact on the people, the same for those left behind and the responsibility of every manager, all the same.”

“Unfortunately we do not have other measures to ensure that the majority of people can work.” He went on to say: “We must enter into a market demand for a smaller period, in the foreseeable future are to do.”

“Restructuring can pose a threat to our advantage and adaptability under the premise of improving competitiveness, and we will go all out to deal with the situation in the current economic difficulties.

“We have no debt, an above-average capital adequacy ratio and liquidity can be guaranteed.”

“Re-engineering is to guide us towards a right direction.”