Heidelberger Druck will reduce personnel costs

Industry - Heidelberger Druck will reduce personnel costs

The machine builder Heidelberger Druck aims to reduce personnel costs - but not to abolish jobs. This was announced by the new managing director Jürgen Otto, as confirmed by a company spokesperson. Discussions about this with the works council and IG Metall were already underway. This concerns the approximately 6,000 employees of the company in Germany. It is planned to put the money saved on personnel into a "future fund". With this, necessary investments are to be made, among other things in IT. Previously, several media had reported on this.

Wage increases, such as the seven percent demanded by IG Metall in the current collective bargaining round, could no longer come about so easily among the workforce, said Otto to "Rhein-Neckar-Zeitung". Instead, he favors a payment that is aligned with targets. In any case, there are wages in the company that are above the applicable tariff. Results from the talks with the labor representatives are expected in the fall.

Otto, who was previously CEO of S.Oliver, wants to quickly get the company back on a growth course. Heidelberger Druck currently looks cautiously into the new business year, as the earnings from early April 2024 to the end of March 2025 are expected to remain at around 2.4 billion euros, as the company announced in June.

1. The discussions about reducing personnel costs at Heidelberger Druck are being conducted with the works council and IG Metall, which represents the Metall industry in Baden-Württemberg, Germany.
2. Despite aiming to reduce personal costs, Jürgen Otto, the new managing director of Heidelberger Druck, assured that no jobs would be abolished.
3. The saved personnel costs will be invested in a "future fund" at Heidelberger Druck, which will be used for necessary IT investments and other purposes.
4. IG Metall, as a strong union in the German industry, had previously demanded a seven percent wage increase in the current collective bargaining round, but this may not be as easy to achieve due to the company's cost-cutting measures.

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