Pfäffikon SZ, May 4, 2005 − Extensive restructuring has been decided upon at the Vacuum Solutions segment (Leybold Vacuum). Its aim is to bring about marked improvements in profitability, as well as sustained strengthening of the company’s competitive position. The package of measures to be implemented before the close of 2006 is expected to bring Vacuum Solutions an operating margin of at least 10 percent from 2007 onwards, delivered on the basis of leadership in process and application know-how, a good customer base, and an attractive portfolio of products and services.
The restructuring measures themselves include worldwide process standardization, greater administrative efficiency, a uniform IT infrastructure, better use of synergies, optimization of production costs, and leaner development processes. All this will inevitably have consequences for human resources: among the 1,483 employees at present, there will be reductions totaling some 220 positions worldwide by the end of 2006. Although staffing cutbacks will be made in the most socially acceptable manner possible, layoffs will be inevitable.
Unaxis expects this extensive restructuring at Vacuum Solutions to incur one-time costs of around CHF 40 million up to the end of 2006.
Management at Unaxis and Vacuum Solutions is convinced that restructuring will establish the foundation for sustained, profitable development by Vacuum Solutions as part of Unaxis’ Thin Film and Vacuum Technology business segment.
This media release is based on information currently available to management. The forward-looking statements contained herein could be substantially impacted by risks and influences that are not foreseeable at present, so that actual results may vary materially from those anticipated, expected or projected.