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DGAP-Adhoc: KHD Humboldt Wedag International AG: KHD plans headcount reduction

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DGAP-Ad-hoc: KHD Humboldt Wedag International AG / Key word(s):
Miscellaneous
KHD Humboldt Wedag International AG: KHD plans headcount reduction

12-March-2019 / 13:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

*KHD plans headcount reduction*

*Cologne, Germany, March 12, 2019* - Today the Executive Board of Humboldt
Wedag GmbH (HWG), Cologne, a major subsidiary of KHD Humboldt Wedag
International AG (KHD), Cologne, informed KHD's Management Board and the
Works Council of HWG about a planned major reorganization. HWG's Executive
Board expects that the business environment in cement plant construction
industry will remain difficult in the near future and that existing
personnel capacities cannot be sufficiently utilized. HWG must therefore
adapt its structures to the current business volume in order to return to
profitability in the medium term. HWG's management plans to cut
approximately 80 jobs. The measures required to implement the reorganization
will be discussed with the works council in the coming weeks.

_Additional Information:_
ISIN: DE0006578008
Securities identification number (WKN): 657800
Market segment: Regulated Market (General Standard) of the Frankfurt Stock
Exchange
KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Cologne, Germany

*Contact:*
KHD Humboldt Wedag International AG
Jürgen Luckas
Chief Financial Officer
Tel.: +49 (0)221 - 6504-1107
E-Mail: juergen.luckas@khd.com
Website: www.khd.com [1]

12-March-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: KHD Humboldt Wedag International AG
Colonia-Allee 3
51067 Köln
Germany
Phone: +49 (0)221 6504 1500
Fax: +49 (0)221 6504 1409
E-mail: juergen.luckas@khd.com
Internet: www.khd.com
ISIN: DE0006578008
WKN: 657800
Listed: Regulated Market in Frankfurt (General Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate
Exchange

End of Announcement DGAP News Service

786421 12-March-2019 CET/CEST


1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3dca68dc5f0a0a1f1b63488aa950a234&application_id=786421&site_id=vwd&application_name=news


(END) Dow Jones Newswires

March 12, 2019 08:38 ET ( 12:38 GMT)
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