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FRANCOTYP-POSTALIA ARBITRATION COMMITTEE DECIDES ON VOLUME OF REDUNDANCY SCHEME

Birkenwerder, 2011-08-24

In the negotiations in the arbitration proceedings between the management and employee representatives of Francotyp-Postalia GmbH and Francotyp-Postalia Vertrieb und Service GmbH, the parties came to a decision on the volume of a redundancy scheme. Around 110 employees working in production at the Birkenwerder site will be affected by the impending redundancies. The total volume of provisions will come to around EUR 7.5 million. Of this amount, EUR 7.0 million is earmarked for the redundancy scheme and EUR 0.5 million will be set aside for other operating expenses.

In the fourth quarter of 2010 and the first quarter of 2011, provisions of EUR 3.6 million were already made (EUR 2.1 million for staff costs and EUR 1.5 million for onerous contracts). The difference of EUR 5.4 million will additionally set aside in the second quarter of 2011.

Once these measures have been implemented, by the end of the first quarter of 2012 at the latest, and the new production site in Wittenberge has been completed, this expense will be offset by savings of around EUR 3 million a year. 

ABOUT FP

Francotyp-Postalia Holding AG, a listed company based in Berlin, is the holding company of the globally operating FP Group (FP). FP is an expert in solutions that make office and work life easier and more efficient. FP has the following business areas: Digital Business Solutions, Mailing, Shipping & Office Solutions and Mail Services. In the Digital Business Solutions business areas, FP optimises customers’ business processes and offers solutions such as electronic signatures, hybrid mail, input/output management for physical and digital documents and the data-driven automation of complex business processes. In the Mailing, Shipping & Office Solutions business area, FP is the world’s third-largest provider of mailing systems and market leader in Germany, Austria, Scandinavia, and Italy. FP has subsidiaries in 15 countries and is represented by its dealer network in many further countries. In the Mail Services business area, FP offers the consolidation of business mail and is among the leading providers in Germany. In 2021, FP generated revenue of more than EUR 200 million.


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