M
M

Plan­ned chan­ges at Von Roll Hol­ding AG

Au/Wädenswil, July 5, 2016 — The acti­vi­ties of Von Roll Hol­ding AG are focu­sed on its core busi­ness of electri­cal insu­la­ti­on and attrac­ti­ve mar­kets of the future such as elec­tro­mo­bi­li­ty. It has moder­ni­zed its fac­to­ries world­wi­de over the past few years.

Von Roll is con­ti­nuing to fol­low this path rigo­rous­ly. In addi­ti­on to fur­ther invest­ments of around CHF 30 mil­li­on during the 2016 finan­cial year, the com­pa­ny also plans to imple­ment exten­si­ve mea­su­res to redu­ce its under­ly­ing fixed cos­ts and incre­a­se its over­all efficiency.

Essen­ti­al­ly, Von Roll intends to

  • ● Sim­pli­fy its glo­bal manage­ment structure
  • ● Trans­fer fur­ther pro­duc­tion units
  • ● Opti­mi­ze its pro­duct portfolio
  • ● Redu­ce admi­nis­tra­ti­ve func­tio­n­al areas
  • ● Stream­li­ne pro­duc­tion processes

The­se mea­su­res would redu­ce annu­al fixed cos­ts by more than CHF 18 million.

At the same time, the­re are plans to redu­ce head­count by up to 160 jobs, inclu­ding around 50 in Switz­er­land. Con­se­quent­ly, the sites that are affec­ted have intro­du­ced a con­sul­ta­ti­on pro­ce­du­re or will due so in due course.

The rest­ruc­tu­ring cos­ts are esti­ma­ted to amount to some CHF 8 mil­li­on. Imple­men­ting the plan­ned reduc­tion in num­bers will enab­le some CHF 4 mil­li­on to be saved during the 2016 finan­cial year itself.

 

About Von Roll Hol­ding AG: As a Swiss indus­tri­al com­pa­ny, Von Roll Hol­ding AG focu­ses on pro­ducts and sys­tems for power genera­ti­on, trans­mis­si­on and indus­tri­al app­li­ca­ti­ons. Von Roll is a glo­bal mar­ket lea­der for electri­cal insu­la­ti­on pro­ducts, sys­tems and ser­vices and has a world­wi­de pre­sence in around 30 sites with about 2,000 employees.

 

Con­ta­ct

Clau­dia Güntert
Head of Cor­po­ra­te Communications
& Inves­tor Relations
T +41 61 785 52 36
F +41 61 785 58 92
E press@vonroll.com

 

This press release is based on infor­ma­ti­on cur­r­ent­ly avail­ab­le. Unfo­re­see­ab­le risks and influ­en­ces may lead to dis­crepan­ci­es with the state­ments made here. For more infor­ma­ti­on on the com­pa­ny and its busi­ness per­for­mance, plea­se refer to the Annu­al and Semi-Annu­al Report of Von Roll Hol­ding AG which is avail­ab­le in digi­tal form at https://www.vonroll.com/en/.