euro adhoc: Eybl International AG / Personnel / Eybl International is reducing the workforce (E)

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

21.11.2008

Eybl International AG (ISIN: AT0000908157), an internationally recognised
manufacturer of automotive interior parts that specialises in production of
automotive textiles and fabrication of seat covers made of material or leather
with about 4,000 employees at nine production sites in Austria, Hungary,
Romania, Germany and Slovakia is in the process of adjusting its capacity.

The company, listed in the standard market auction has announced that the number
of employees at its plants is being reduced. In that way, management is reacting
to current economic developments and to declines in product call-ins by its
customers. At the plant in Germany, shorter shifts have been introduced. In
Romania and Hungary about 300 jobs have already been eliminated. There are plans
to eliminate another 150 to 200 jobs at the two sites shortly. For the site in
Krems as well a cutback of up to 65 jobs is being considered. A final decision
on this will be made within two weeks. The company´s objective is to cooperate
with employee representation councils in finding a socially acceptable solution
for all those affected.

For the first half of the new business year (1 October 2008 through 31 March
2009), the assumption is that there will be a decline in sales of about 15
percent. Due to the company´s diversification strategy that has been
successfully implemented in recent months it has now finally been possible to
recruit major orders from the non-automotive sector. Those orders have
contributed to preventing a heavier decline in sales and the elimination of even
more jobs.

Implementation of the long-term turnaround measures defined in the spring of
2008 together with Roland Berger Strategy Consultants is proceeding on schedule.
However, due to the lower sales volume additional measures are being worked out
with all of the affected stakeholders.

Further inquiry note:
Eybl International AG
Investor Relations
Robert Gabriel
Tel.: +43 (0) 2732 881-300
Fax: +43 (0) 2732 881-79
mailto:[email protected]

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: Eybl International AG
Dr. Franz Wilhelm-Straße 2
A-A-3500 Krems
phone: 02732/881
FAX: 02732/881-79
mail: [email protected]
WWW: www.eybl-international.com
sector: Speciality stores
ISIN: AT0000908157
indexes: WBI, Standard Market Auction
stockmarkets: official market: Wiener Börse AG
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print