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SCHULER AG: Schuler streamlining production in Germany - Seite 2

External assembly, commissioning and service will be maintained at all
three sites and engineering and support activities will be continued.

Extensive personnel measures
The planned changes will affect around 450 jobs in Germany in the medium
term. Schuler will try to implement these measures in a manner which is as
socially compatible as possible. This can be achieved in part by
transferring staff to other business units or sites, giving preference in
the case of internal vacancies, offering semi-retirement programs or making
voluntary redundancy agreements.

The company has estimated that the consolidation of its manufacturing
structures in Germany will involve costs of around EUR 55 million.
Provisions will be formed and costs incurred for the major share of this
amount in fiscal year 2015. Following the completion of these measures, the
Board of Management expects annual cost reductions of EUR 30 to EUR 35
million.

In 2011, Schuler launched a strategy and growth program in connection with
the acquisition of Müller Weingarten in 2007. In addition to realignment
with target markets and technology fields, this also involved a
streamlining of the Group's organization and a reduction of duplicate
structures. Schuler continued the strategic project in 2013 in order to
adapt the company to changing global challenges. "All in all, the measures
helped Schuler return to growth and achieve its current healthy financial
status after the difficult years of 2009 and 2010," says Klebert.

In its fiscal year 2015, Schuler expects sales to exceed the prior-year
figure of EUR 1.18 billion. The operating result before special items for
factory consolidation is expected to be on a par with the healthy
prior-year level.

About the Schuler Group - www.schulergroup.com
Schuler is the technological and global market leader in forming equipment.
The company offers cutting edge presses, automation, dies, process know-how
and services for the entire metal forming industry and lightweight vehicle
construction. Its clients include car manufacturers and their suppliers, as
well as companies in the forging, household equipment, packaging, energy
and electrical industries. Schuler is the market leader in coin minting
presses and supplies systems solutions for the aerospace, railway and large
pipe industries. In fiscal year 2014, Schuler posted sales of EUR 1.18
billion. With around 5,400 employees, Schuler is represented in 40
countries and is a member of the Austrian ANDRITZ Group.



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26.08.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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389459 26.08.2015