Baldwin Announces Strategic Actions; Reduces Global Employment Levels by 9%

Baldwin Technology Company, Inc. BLD today announced a strategic reorganization of the Company's operations in Europe and a 9% reduction in global employment levels. The Company estimates that the total cost of implementing this Q3 FY2011 restructuring plan will be approximately $2.4 million and will result in an annual savings of approximately $5 million. Coupled with actions taken earlier in the current fiscal year, the total impact of all restructurings is expected to result in savings of over $6.6 million annually.