NORTH CANTON, Ohio and
PADERBORN, Germany, March 9, 2017 /PRNewswire/ -- Diebold Nixdorf, Incorporated (NYSE: DBD) today
announced plans to close its manufacturing facility located near
Budapest in Gyál, Hungary as part of the company's recently
announced DN2020 multiyear business transformation program.
Production activities from the Hungary site will be integrated into other
facilities in the company's global manufacturing network.
Diebold, Incorporated opened the Hungary plant in 2006. It assembles and
ships automated teller machines (ATMs) and related components,
primarily for customers in Europe,
the Middle East and Africa, and Latin America. Production
and related operations at the facility will be phased out by the
end of the third quarter in 2017. The Hungary facility currently employs
approximately 150 people. Separation packages will be made
available to support impacted employees.
"As with any project of this kind that impacts our people, these
are difficult decisions," said Juergen Wunram, senior vice
president and chief operating officer, Diebold Nixdorf. "Closing the Hungary plant and consolidating production
into larger and more scalable facilities will enable us to be more
competitive, agile and efficient for our customers, and help ensure
the future success of the company."
Restructuring charges associated with this action include the
cost of closing the facility, transferring equipment and impairing
idle assets. These costs are fully reflected in the company's
previously disclosed guidance for 2017.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated
(NYSE:DBD) is a world leader in enabling connected commerce for
millions of consumers each day across the financial and retail
industries. Its software-defined solutions bridge the physical and
digital worlds of cash and consumer transactions conveniently,
securely and efficiently. As an innovation partner for nearly all
of the world's top 100 financial institutions and a majority of the
top 25 global retailers, Diebold
Nixdorf delivers unparalleled services and technology that
are essential to evolve in an 'always on' and changing consumer
landscape.
Diebold Nixdorf has a presence in
more than 130 countries with approximately 25,000 employees
worldwide. The organization maintains corporate offices in
North Canton, Ohio, USA and
Paderborn, Germany. Shares are
traded on the New York and
Frankfurt Stock Exchanges under the symbol 'DBD'. Visit
www.DieboldNixdorf.com for more information.
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SOURCE Diebold Nixdorf