Koenig & Bauer AG

Remuneration Information • Feb 4, 2005

News Details

Ad-hoc | 4 February 2005 10:09

Koenig & Bauer AG: Management and staff agree cost-cutting measures

Ad hoc announcement §15 WpHG Personnel Koenig & Bauer AG: Management and staff agree cost-cutting measures Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— KBA management and staff at the group’s web press production plants in Germany have agreed to work longer hours for no extra pay in order to reduce overheads and delivery time frames. The deal, which affects all 3,634 executive and non-executive staff, is effective from 1 January for a period of two years. KBA cited the strong euro, which is eroding group competitiveness against non-euro players, as one reason for the move. No further details were released. KOENIG & BAUER AG Friedrich-Koenig Straße 4 97080 Würzburg Deutschland ISIN: DE0007193500 (SDAX) WKN: 719350 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart End of ad hoc announcement (c)DGAP 04.02.2005 041009 Feb 05