DGAP-News: Balda AG: Balda concludes strategic refocusing


Balda AG / Key word(s): Miscellaneous

06.03.2007 14:46


Bad Oeynhausen, 6 March 2007 – Balda is rapidly concluding the proposed

strategic refocusing. Following the sale of four plants, Balda’s Management

Board on Tuesday morning agreed to the arbitration committee’s proposal for

a social compensation plan for Balda Solutions Germany and Balda Tool Shop.

The affected employees will be taken over by a transfer company as of 1

April. There they will continue to be employed and will have the

opportunity to gain additional qualifications, with a view of finding new

jobs as soon as possible.

‘With it, we honour our social responsibility for all employees,’ said

Balda CEO Joachim Gut. ‘ The costs arising from the job cuts are within

plan and are thus fully reflected in the earnings projections for 2006.

Balda has thus implemented the actions as announced on 24 October 2006

within the self-imposed time-frame.

06.03.2007 Dissemination of a Corporate News, transmitted by DGAP –

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Language: English

Company: Balda AG

Bergkirchener Str. 228

32549 Bad Oeynhausen


Phone: +49 (0) 57 34 / 9 22-0

Fax: +49 (0) 57 34 / 9 22-2604

E-mail: info@Balda.de

Internet: www.balda.de

ISIN: DE0005215107

WKN: 521510

Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr

in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service