KBA reels but fights back

摘要

In 2008, the operating result of the KBA rotary press division was more than 100 million euros in the black. But, penalised by its sheet-fed press division (-180 million euros last year) and a poor outlook for 2009, KBA has been compelled to reduce its workforce. Albrecht Bolza-Schunemann (57), KBA CEO, has resigned and handed over to Helge Hansen, the group's financial director, whose experience in the area of restructuring should reassure the group's financial partners.