News
02/11/2008
Deutsche Wohnen AG: Implementation of restructuring plan
DGAP-Ad-hoc: Deutsche Wohnen AG: Implementation of restructuring plan
Deutsche Wohnen AG / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Today, the Management Board of Deutsche Wohnen AG agreed on a restructuring plan for Deutsche Wohnen Group. As a consequence, several branches will be shut down and personnel will be reduced.
Group wide, approximately 140 out of 490 jobs will be cut in the residential business division, resulting in annual cost savings of approximately EUR 10 million by 2009.
The agreed restructuring plan will enable synergies, which ensure the sustainable competitiveness of Deutsche Wohnen Group and prepare the company for further growth.
Hubert Bonn
Head of Investor Relations
Phone: +49 (0)6131 4800 262
hubert.bonn@deuwo.com
11.02.2008 Financial News transmitted by DGAP
Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Deutschland
Phone: +49 (0)6131 4800 262
Fax: +49 (0)6131 4800 4441
E-mail: hubert.bonn@deuwo.com
Internet: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
Deutsche Wohnen AG / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Today, the Management Board of Deutsche Wohnen AG agreed on a restructuring plan for Deutsche Wohnen Group. As a consequence, several branches will be shut down and personnel will be reduced.
Group wide, approximately 140 out of 490 jobs will be cut in the residential business division, resulting in annual cost savings of approximately EUR 10 million by 2009.
The agreed restructuring plan will enable synergies, which ensure the sustainable competitiveness of Deutsche Wohnen Group and prepare the company for further growth.
Hubert Bonn
Head of Investor Relations
Phone: +49 (0)6131 4800 262
hubert.bonn@deuwo.com
11.02.2008 Financial News transmitted by DGAP
Language: English
Issuer: Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
Deutschland
Phone: +49 (0)6131 4800 262
Fax: +49 (0)6131 4800 4441
E-mail: hubert.bonn@deuwo.com
Internet: www.deutsche-wohnen.de
ISIN: DE000A0HN5C6, DE0006283302
WKN: A0HN5C, 628330
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service