- Heidelberg, the world’s largest offset press maker, announced its last quarter’s financials:
- operating loss of 110 to 150 million euros ($165-$225 million) predicted for the fiscal year
- 65 million euro loss for quarter
- Received more than 800 million euros in emergency state (Germany) aid
- secured a new 1.4 billion euro credit line backed by German government
- order backlog was down 50%
- has laid off a total of 2,400 employees in last year
-=Cheers=-
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