Océ to shed 300 more jobs following €14m Q2 loss

The digital kit manufacturer accelerated its cost cutting programme “amidst today’s economic turbulence”. The announcement comes just over a month after the Dutch business announced it was to cut 800 jobs.

Océ’s total revenues dipped by 4.1 per cent to €676m (A$1.19 billion) for the March-May period, a greater than expected loss for the quarter, though free cashflow increased to €16.5m.

Chairman Rokus van Iperen said increasingly challenging market conditions had led to disappointing normalised operating income.

He cited a decline in revenues from the construction and manufacturing sectors — as well as government, healthcare and education sectors — for the decrease in sales.

The group now hopes to make €124m (A$218m) in savings for 2009.

Read the original article at www.printweek.com.

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at [email protected]  

Sign up to the Sprinter newsletter

Leave a comment:

Your email address will not be published. All fields are required

Advertisement

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.
  • This field is for validation purposes and should be left unchanged.
Advertisement