Ducati Motor Holding: Temporary Workforce Reduction (Cassa Integrazione Guadagni Ordinaria)
July 21 2006 - 3:37AM
PR Newswire (US)
BOLOGNA, Italy, July 21 /PRNewswire-FirstCall/ -- Ducati Motor
Holding S.p.A. (NYSE: DMH; Borsa Italiana S.p.A.: DMH), a leading
manufacturer of high performance motorcycles, announced today that
it has initiated trade union discussions with regard to
implementing a Temporary Workforce Reduction (Cassa Integrazione
Guadagni Ordinaria) for a duration of 17 calendar weeks starting
from the end of August, and which in total, will concern 100
employees. Recourse to a Temporary Workforce Reduction has arisen
from the need to reduce production in the last four months of the
year when, in line with the Company's annual budget, stable
registrations and reduced sales to the network are expected.
Lowering production therefore, is necessary to avoid creating high
stock levels which would have inevitable and significant
consequences on the Company, and which would compromise the success
of new models due out next Spring. Founded in 1926, Ducati builds
racing-inspired motorcycles characterized by unique engine
features, innovative design, advanced engineering and overall
technical excellence. The Company produces motorcycles in six
market segments which vary in their technical and design features
and intended customers: Superbike, Supersport, Monster, Sport
Touring, Multistrada and the new SportClassic. The Company's
motorcycles are sold in more than 60 countries worldwide, with a
primary focus in the Western European, Japan and North American
markets. Ducati has won thirteen of the last fifteen World
Superbike Championship titles and more individual victories than
the competition put together. Since 2003 Ducati has also been
taking part in the MotoGP World Championship. For more information
about the Company, please visit our web site at
http://www.ducati.com/ This press release is not an offer to invest
in Italy, according to Art. 1, lett (t) of the Italian Legislative
Decree no. 58 of February 24th, 1998, or in any other country. This
press release cannot be transmitted or distributed to any persons
in the United States or in any country where its distribution is
not allowed without the express approval from the relevant
authorities. These materials are not an offer of securities for
sale in the United States. Securities may not be offered or sold in
the United States absent registration with the United States
Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. Any
public offering of the company's securities to be made in the
United States will be made by means of a prospectus that may be
obtained from the company and that will contain detailed
information about the company and its management, including
financial statements. DATASOURCE: Ducati Motor Holding S.p.A.
CONTACT: For further information, please contact: Federico Strano,
Director, Investor Relations, Ducati Motor Holding S.p.A., Main
Tel: +39-051-6413-111, Direct Tel: +39-051-6413-213, e-mail: ,
Ducati Motor Holding S.p.A., Via Cavalieri Ducati, 3, Bologna
40132, Italy
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