technotrans SE

Environmental & Social Information • Feb 17, 2009

News Details

Corporate | 17 February 2009 08:13

technotrans AG to introduce short-time at Sassenberg from March 1, 2009

technotrans AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

The Board of Management of technotrans AG has agreed with the Works Council
to introduce short-time (4-day week), initially for a period of six months,
from March 1, 2009 in addition to the measures already implemented.
Short-time will provisionally be limited to the Sassenberg location and
will not affect the Services Division or Technical Documentation business
unit. 'We already took extensive measures in October 2008 to reduce
capacity in anticipation of weak business in the first quarter and half of
2009. These human resources measures have now brought technotrans'
structures in line with the present, lower volume of business,' remarked
Henry Brickenkamp, Spokesman of the Board of Management. 'By cutting back
on time accounts, we have also made use of another important tool in an
effort to preserve our flexibility.' The elimination of time accounts will
now be replaced by the introduction of short-time. 'The level of orders has
not yet improved and in the present circumstances we cannot expect it to do
so in the short term,' commented Brickenkamp at a company meeting on
Tuesday in Sassenberg. 'But as matters stand, we believe we will be able to
absorb the impact of the current slackness in the market by going onto
short time. If necessary, we are absolutely determined to continue
responding very flexibly to all the challenges that could arise.'

In view of the uncertain planning basis afforded by the current level of
orders of the printing press manufacturers, it is not yet possible to
predict how long this measure will have to remain in place. 'We have
decided to implement further cost-cutting measures,' added Finance Director
Dirk Engel, 'but this time the priority will be to protect jobs, not to
make further redundancies. We expect that this measure will significantly
ease the pressure of costs, but it is too early to put an exact figure on
its impact on revenue and earnings. Despite the challenging circumstances,
we are determined to use every possible option for stabilising and
optimising our profitability.'

Contact: technotrans AG
Corporate Communications
/Investor Relations
Thessa Roderig
phone +49 (0) 2583 / 301-1887
e-mail thessa.roderig@technotrans.de

17.02.2009 Financial News transmitted by DGAP

Language: English
Issuer: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Deutschland
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: info@technotrans.de
Internet: http://www.technotrans.de
ISIN: DE000A0XYGA7
WKN: A0XYGA
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of News DGAP News-Service

---