Venlo-based printer maker Océ is to scrap 350 jobs worldwide this year as part of a new drive aimed at cutting costs by an extra €30m. A reduction of €50m has already been announced.

Over recent years Océ has moved 80% of production to Asia. The company employs some 24,000 personnel worldwide.
The announcement was made by company chairman Rokus van Ieperen at Thursday’s presentation of first quarter results. Turnover fell 3.7% to €702.2m in the first quarter. Earnings before tax and interest were up almost 50% at just over €32m, considerably higher than analysts expected, according to ANP.
Océ saw turnover from the sale of its own printers rise nearly 6% in real terms but the effect of the low dollar lowered the figure to 1.6%.