Francotyp-Postalia Holding AG / Strategic Company Decision/Miscellaneous
27.11.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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FP Group Introduces Longer Working Hours from December 1, 2008
- Return to 38-hour Week
- Adjustments to Individual Working Hours
- New Working Hours Underpin the FP Group's Realignment
Birkenwerder, November 27, 2008. Francotyp-Postalia GmbH, a subsidiary of
Francotyp-Postalia Holding AG, is adjusting its weekly working hours to
match the German average. As from 1st December 2008, employees will work a
full 38-hours week, instead of the previous 35-hours. No adjustments to pay
will be made. 'Increasing working hours is a further important step to
prepare the FP Group for the challenges of the coming years in a weaker
economy, ' explained CEO Dr. Heinz-Dieter Sluma. 'This is essential so that
Birkenwerder can keep pace with global competition among production sites
in what is an ever tougher international market.'
As a result of the longer working hours, the Company will be adjusting
existing personnel capacity in some departments. At the same time, the
Company has gone to great lengths to avoid terminating contracts, despite
the tougher operating environment. Rather that cutting back on the
headcount, it has decided to make adjustments to individual working hours.
As Dr Sluma put it, 'The extensive restructuring of the FP Group in 2008
would not have been possible without the cooperation of all our employees.
Despite the constraints we currently face, we want to offer all members of
the FP Team a perspective for 2009 and beyond. However, this cannot be made
at the risk of undermining the profitability of the FP Group.' The new
working hours are currently being checked for compliance with German labour
laws. The FP Group sees these new measures as a means of stabilizing
personnel costs while further improving its competitive ability.
Contact
Francotyp Postalia Holding AG
Sabina Prüser
Tel: +49 (0)3303 525 410
Fax: +49 (0)3303 53707 410
E-Mail: s.prueser@francotyp.com
The FP Group at a Glance
Francotyp-Postalia Holding AG (FP Group) is a leading manufacturer of
franking machines covering the whole value added chain in the outbound mail
market. Its products and services range from franking and inserting
machines to the collection, sorting and consolidation of outbound mail, as
well as electronic hybrid mail solutions offering 21st century mail
processing. Headquartered in Birkenwerder near Berlin, the FP Group offers
businesses of all sizes individually tailored mailstream services. The FP
Group has local branches in many industrialised countries and currently
holds over 9% of the worldwide franking machine market. With a corporate
history extending back over 80 years, today the FP Group is profiting from
the growing liberalisation of mail markets and the increasing interest of
businesses to delegate their outbound mail operations to professional
service providers. In financial 2007, the Group employed around 1,100
people, with revenue of 145.1 million euros and an EBITDA of 26.3 million
euros.
Contact:
Francotyp-Postalia Holding AG
Media Relations
Telefon: +49 (0)3303 525 777
Telefax: +49 (0)3303 53 70 77 77
E-Mail: pr@francotyp.com
DGAP 27.11.2008
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Language: English
Issuer: Francotyp-Postalia Holding AG
Triftweg 21-26
16547 Birkenwerder
Deutschland
Phone: +49 (0)3303 525 777
Fax: +49 (0)3303 53 70 77 77
E-mail: ir@francotyp.com
Internet: www.francotyp.com
ISIN: DE000FPH9000
WKN: FPH900
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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DGAP-News: Francotyp-Postalia Holding AG: FP-Group Introduces Longer Working Hours from December 1, 2008
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