Munich, November 30, 2015 - Due to a declining market outlook, during the next three years the Gigaset Group will entirely realign the business segment of cordless phones for private customers. In this context the company plans, inter alia, to gradually cut around 550 out of 1,250 jobs worldwide by the end of 2018.
At the end of this process the business segment of cordless phones for private customers shall be profitable again. The transformation scheme requires prior consent from workers' representatives. Negotiations on these matters will begin shortly.
Gigaset AG, Munich, is an internationally operating company in the area of communications technology. The company is Europe's market leader in DECT telephones. The premium supplier is likewise the leader worldwide with around 1,250 employees and sales activities in around 70 countries. Under the name Gigaset pro, the company continues to develop and market innovative business telephony solutions for small and medium-sized enterprises. The company also operates in the smart home arena. Cutting-edge, cloud-based products and solutions for the smart home are developed and marketed under the name Gigaset elements. In addi-tion, together with the Singapore-based Goldin Fund Pte. Ltd., the company runs Gigaset Mobile, which operates in the mobile phone, smartphone, and accessory segments.
Gigaset AG is listed in the Prime Standard of Deutsche Börse and is therefore subject to the highest transparency requirements. Its shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).