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In the light of the significant fall in sales and earnings, Heidelberg is extending its existing package of cost-cutting measures to around 200 million Euro and accelerating its implementation. Instead of the total cuts of 75 million Euro announced so far, the total package will now yield savings of 150 million Euro to 180 million Euro as early as financial year 2009/2010. Further measures in financial year 2010/2011 will boost total savings to around 200 million Euro.
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