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Ad hoc release Innovation drive and capacity adjustments at Agno site

Biel/Bienne, October 26, 2016, 2 p.m. -The Mikron Group is launching an innovation drive in response to the insufficient demand for its numerical control machine tools in the Mikron Machining division. It intends to greatly increase development activities for new machine concepts so as to safeguard existing markets and add new ones over the long term.

Weak demand for numerical control machine tools will also mean that existing production capacities for the current range will have to be scaled back. Mikron will cut 25 of the total 345 of mechanical engineering jobs at the Agno (Switzerland) site by the end of 2017. This will include seven instances of early retirement and ten dismissals. The Group Management will assist the employees in question in looking for a new job. The Mikron Group has around 1,200 employees worldwide, half of whom work in the Machining division. Mikron will continue to operate both production facilities of the Machining division - in Agno and in Rottweil (Germany).

Brief profile of the Mikron Group

The Mikron Group develops, produces and markets automation and machining systems that enable extremely precise and productive manufacturing processes. Rooted in the Swiss culture of innovation, the group is a globally leading partner to companies in the automotive, medical devices, pharmaceutical, consumer goods, writing instruments and watchmaking industries. The two divisions, Mikron Automation and Mikron Machining, are based in Switzerland (Boudry and Agno). The company has additional production facilities in Germany, Singapore, China and the US. The 1,200 employees of the Mikron Group can draw on over 100 years of experience in the production of high-precision systems for large-series product manufacture. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN).

Contact

Mikron Management AG, Martin Blom, CFO Mikron Group Phone +41 91 610 62 09,ir.mma@mikron.com

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Investor Relations Calendar of Events

March 16, 2017, 07.00 a.m. - Media release: Publication of the 2016 Annual Report March 16, 2017, 10.00 a.m. - Media and analysts conference

April 25, 2017, 04.00 p.m. - Annual General Meeting 2017 Mikron® is a trademark of Mikron Holding AG, Biel (Switzerland).

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Mikron Holding AG published this content on 26 October 2016 and is solely responsible for the information contained herein.
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