Heidelberger Druck cuts 1,500 jobs in Germany
Heidelberger Druck will cut 1,500 jobs in Germany over the next six months. Worldwide, the struggling printing press manufacturer plans to reduce its workforce by a total of 4,000 employees.
The reason for the cutbacks is the crisis in the printing and advertising industry, the Group announced on Thursday, according to SDA. Heidelberger Druck has cut thousands of jobs in recent years. At the end of June, a good 18,300 people were still working for the company, which was only able to survive thanks to state aid.
