Draegerwerk says to cut 200 jobs at headquarters

Draegerwerk AG & Co KGaA

07/12/2015 13:10

FRANKFURT, Dec 7 (Reuters) - Draegerwerk  DRWG.DE  said on 
Monday that it plans to cut about 200 jobs at its Luebeck 
headquarters as it seeks to step up its cost-cutting programme. 
    Restructuring costs related to the headcount reduction are 
expected to reach a low double-digit million-euro amount, likely 
to be taken in this year's accounts, the company said in a 
statement. 
    The company said "further details of the efficiency 
measures, which may include personnel measures in the regions", 
would be announced with full-year results in March. 
    Draegerwerk slashed its 2015 profit margin forecast for the 
second time this year in October and said it would intensify 
savings efforts, citing weak business in China and the United 
States as well as writedowns during the third quarter. 
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 (Reporting by James Regan; Editing by Christoph Steitz) 
 ((james.regan@thomsonreuters.com; +49)(0)(69 7565 1330; Reuters 
Messaging:  james.regan.thomsonreuters.com@reuters.net)) 
 
Keywords: DRAEGERWERK EMPLOYMENT/