Sponsored
Article Tools

Bösendorfer hopes for profit from 2012

Published: June 1, 2010; 00:00 · (Vindobona)

With the return to profitability Bösendorfer will again produce 300 grand piano annually in Wiener Neustadt.

The traditional piano maker will soon under the new ownership of Yamaha register profit.

The Austrian piano maker Bösendorfer wants to return to profitability with fewer employees and reduced working hours to.

For 2012/13 “break – even” is expected. The restructuring phase in the company is now largely complete.

The number of employees fell from 165 to 115. 29 were terminated, six went into retirement, with a "handful" of employees there were "amicable" separations. Bösendorfer has made € 4 million loss in the past fiscal year (ending March 2010), prior to € 3.5 million a year. According to company data over 200 pianos were sold. The aim was to sell 500 pieces - in a world market of 400,000 grand pianos.

With the return to profitability Bösendorfer will again produce 300 grand piano annually in Wiener Neustadt., Yamaha - the multi-Japanese music Bösendorfer bought Bösendorfer from Bawag in 2007- already absorbed the sales and marketing activities.

From April to September 2010 piano maker, will only 32 hours per week; 34.5 hours the administrative staff. Under negotiation with the Austrian labour market service is another six months of shortened work hours.. This would also prevent Bösendorfer to produce more grand pianos than sold.

Fast News Search