DGAP-Ad hoc: Draegerwerk AG & Co. KGaA

DGAP-Adhoc: Drägerwerk AG & Co. KGaA: Dräger plans headcount reduction

Drägerwerk AG & Co. KGaA / Key word(s): Miscellaneous

07.12.2015 14:10

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad hoc report in accordance with Sec. 15 of the German Securities Trading Act

Drägerwerk AG & Co. KGaA: Dräger plans headcount reduction

With the publication of the financial results for the first nine months, Dräger already announced that it will intensify its "Fit for Growth" efficiency program. In this context, the board of the Drägerwerk Verwaltungs AG decided today to reduce headcount. The number of jobs at Dräger's headquarters in Lübeck will be reduced by approximately 200 by the end of 2016. Excluded from these headcount reductions are employees in direct production and logistics. The necessary restructuring costs are expected to amount to a low double digit million Euro figure which will probably be accrued for in 2015.

The headcount reductions will be conducted in coordination with the responsible works council and the IG-Metall and are to be achieved in a socially acceptable manner as far as possible. Consultations in this regard will begin shortly.

Further details of the efficiency measures, which may include personnel measures in the regions, will be announced with the publication of the final financial results for the fiscal year 2015 on March 9, 2016.

Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23558 Lübeck, Deutschland www.draeger.com

Investor Relations: Thomas Fischler Tel. +49 451 882-2685 thomas.fischler@draeger.com

Corporate Communications: Melanie Kamann Tel. +49 451 882-3998 melanie.kamann@draeger.com

Disclaimer This ad hoc report contains statements on the future development of Dräger Group. These forward-looking statements are based on the current expectations, presumptions, and forecasts of the Executive Board as well as the information available to date. They were compiled to the best of the company's knowledge. Dräger does not provide any warranty nor assume any responsibility for the future developments and results described above. These are dependent on a number of factors. They entail various risks and contingencies outside of the company's influence and are based on assumptions which could prove to be incorrect. Dräger does not assume any responsibility for updating the forward-looking statements contained in this report. This does not infringe any legal stipulations on the adjustment of forecasts. Please go to Investor Relations / Financial Calendar at www.draeger.com for information on all important financial dates.

07.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Drägerwerk AG & Co. KGaA Moislinger Allee 53-55 23542 Lübeck Germany Phone: +49 (0)451 882-0 Fax: +49 (0)451 882-2080 E-mail: info@draeger.com Internet: www.draeger.com ISIN: DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555 067 7, DE 000 555 071 9 WKN: 555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D Indices: TecDAX Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich; Regulated Unofficial Market in Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------