Corporate | 11 August 2011 18:00

Francotyp-Postalia Holding AG:

Francotyp-Postalia Holding AG / Key word(s): Restructure of Company/Restructure of Company

11.08.2011 / 18:00

Corporate News

Negotiations on a reconciliation of interests have broken down

Birkenwerder, 11 August 2011. Yesterday, it was declared that negotiations on a reconciliation of interests between Francotyp-Postalia GmbH and Francotyp-Postalia Vertrieb und Service GmbH and the Works Council and trade union representatives had failed. In the first quarter of the year, following fruitless internal negotiations, the negotiating parties had reached an agreement on the conciliation proceedings. The third meeting took place yesterday. At the beginning of the year, the company decided to transfer production from Birkenwerder to Wittenberge; this decision was preceded by month-long talks on a realignment of production at the previous site.

According to the Works Council Constitution Act, the purpose of a reconciliation of interests is to reach an amicable agreement between the company and the Works Council on the type and scope of an operational change. Even with the input of an external mediator, the FP management and the Works Council were unable to come to an agreement yesterday.

The company will now start to implement the planned measures and close production in Birkenwerder. In the arbitration proceedings, the negotiating parties will also discuss a redundancy scheme for the estimated 110 employees working in production at Birkenwerder who are likely to be made redundant. 'The realignment of production is a measure of key importance in securing the long-term future of the entire Group', states Hans Szymanski, CEO of Francotyp-Postalia Holding AG. 'This will enable us to create the competitive conditions necessary in the long term that, unfortunately, we were unable to implement in Birkenwerder despite our extensive efforts', Mr Szymanski goes on to say.

Contact

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

About Francotyp-Postalia Holding AG
The FP Group is the first complete service provider for mail communication. The globally active company offers the entire range of products and solutions for business and private customers. In addition to machinery for franking and inserting mail, its offering includes services such as collecting business mail and innovative software solutions such as the fully electronic letter. The FP Group, based in Birkenwerder near Berlin, can therefore provide tailored multi-channel solutions. The Group currently has its own branches in a number of industrialised nations and holds a global market share in franking machinery of around 10%. With a history dating back over 85 years, the FP Group today benefits from increasing deregulation in all postal markets and the readiness of companies to outsource their business mail to professional service providers. In the 2009 financial year, the company generated revenues of EUR 147.3 million. The FP Group employs more than 1,000 people worldwide.

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Language:	English
Company:	Francotyp-Postalia Holding AG
	Triftweg 21-26
	16547 Birkenwerder
	Germany
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, Düsseldorf, München, Stuttgart

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