Oerlikon has clarified an announcement in the press to the effect that the company is planning over 1,000 further layoffs. Over the last four months, several segments of the Group have taken measures to secure their results, acting on their own authority within the Group’s decentralized entrepreneurial structure.

These measures include an unavoidable reduction of staff levels worldwide, with around 50 percent of temporary workers. The implementation started as from the fourth quarter 2008 and includes temporary contracts not renewed and vacancies not replaced. In total, 1,000 employees are affected.