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ots Ad hoc-Service: Drägerwerk AG <DE0005550636>

Lübeck (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Dräger accelerates restructuring and cost abatement program in
Medical Technology / Nonrecurring expenses from action package incl.
Dräger ProTech of around Euro 45 million / Hence a group net loss of
Euro 60 million for 2000 / Group pretax operating result almost at
breakeven / Dräger intends to bounce back into the black in 2001
With the aim of achieving a much improved group performance in the
current fiscal year 2001, Drägerwerk AG had significantly stepped up
its Medical Technology and Dräger ProTech GmbH restructuring and
cost-abatement programs during the fourth quarter of 2000. Last
October, corporate management had already announced that these
restructuring efforts would lead to an eight-digit DM loss for the
first time in the company's history. The measures now initiated and
broadened are raising the restructuring expenditure for 2000 to a
total of Euro 45 million, thus entailing an appreciable increase in
the group's net loss to Euro 60 million for the past fiscal year.
The radical surgery includes the convergence of business units and
sales territories, the jettisoning of unprofitable businesses (such
as the construction of hospital containers), the reduction of
warehousing costs and inventory levels, and the remolding of Dräger
ProTech GmbH. Works council negotiations are being intensified on the
subject of personnel retrenchments without undue hardship for the
some 650 employees affected throughout the group. Instated are
meantime more than 300 individual productivity enhancement measures
some of which are beginning to bear fruit.
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