Job cuts possible: Gigaset must save for red numbers


Already at the end of June, Gigaset had warned of the effects of the debt crisis and also lowered the annual forecast. As expected, the company slipped into the red between April and June and posted a bottom line of € 3.8 million, Gigaset announced on Wednesday. A year ago, Gigaset had posted a profit of 3.6 million euros.

Now costs should be lowered and processes improved. This should save at least 30 million euros a year by 2014. "The first significant effects are already expected in 2013. A reduction in staff numbers can not be ruled out, " it said. Some countries have already had discussions with employee representatives. (Dpa / tc)