DGAP-News: Francotyp-Postalia Holding AG: Francotyp-Postalia: Temporary End to Short-Time Work

Francotyp-Postalia Holding AG / Miscellaneous/Agreement

29.03.2010 11:38 

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DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Birkenwerder, 29th March 2010. Francotyp-Postalia Holding AG, a worldwide
provider of mail processing services, has decided to suspend its short-time
work arrangements at its main site at Birkenwerder until the end of June.
This is due to the current good state of order books. The Company
introduced short-time work for its employees at Birkenwerder as part of a
site continuation agreement in August 2009. The main elements of the
agreement are that both employees and members of the Management Board
forego a significant part of pay and compensation, while employees are
guaranteed their jobs for a period of 24 months.

Thanks to the joint efforts of over 1,000 employees worldwide and the
Management Board, the Company has managed to safeguard its markets despite
the difficult economy. 'We are pleased that we and our employees are
overcoming these challenging times well,' commented Hans Szymanski, CFO of
the FP Group. One outcome of the joint efforts being made can be seen in
the positive development of the Company's results for the past year.

Contact

Francotyp Postalia Holding AG
Corporate Communication
Sabina Prüser
Tel: +49 (0)3303 525 410
Fax: +49 (0)3303 53707 410
E-mail:s.prueser@francotyp.com


The FP Group in Brief

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. With its headquarters in Birkenwerder near Berlin, the FP Group
offers businesses of all sizes individually tailored mail management
solutions. 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 85 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 2008, the Group
employed around 1,100 people, with revenue of 142.4 million euros and an
EBITDA of 18.2 million euros.


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Language:     English
Company:      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, München, Düsseldorf, Stuttgart
 
End of News                                     DGAP News-Service
 
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