euro adhoc: Eybl International AG / Personnel / Eybl International is reducing the workforce

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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21.11.2008

Eybl International AG (ISIN: AT0000908157), an internationally
recognised manufacturer of automotive interior parts that specialises
in production of automotive textiles and fabrication of seat covers
made of material or leather with about 4,000 employees at nine
production sites in Austria, Hungary, Romania, Germany and Slovakia
is in the process of adjusting its capacity.

The company, listed in the standard market auction has announced that
the number of employees at its plants is being reduced. In that way,
management is reacting to current economic developments and to
declines in product call-ins by its customers. At the plant in
Germany, shorter shifts have been introduced. In Romania and Hungary
about 300 jobs have already been eliminated. There are plans to
eliminate another 150 to 200 jobs at the two sites shortly. For the
site in Krems as well a cutback of up to 65 jobs is being considered.
A final decision on this will be made within two weeks. The company´s
objective is to cooperate with employee representation councils in
finding a socially acceptable solution for all those affected.

For the first half of the new business year (1 October 2008 through
31 March 2009), the assumption is that there will be a decline in
sales of about 15 percent. Due to the company´s diversification
strategy that has been successfully implemented in recent months it
has now finally been possible to recruit major orders from the
non-automotive sector. Those orders have contributed to preventing a
heavier decline in sales and the elimination of even more jobs.

Implementation of the long-term turnaround measures defined in the
spring of 2008 together with Roland Berger Strategy Consultants is
proceeding on schedule. However, due to the lower sales volume
additional measures are being worked out with all of the affected
stakeholders.

end of announcement euro adhoc
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ots Originaltext: Eybl International AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Eybl International AG

Investor Relations

Robert Gabriel

Tel.: +43 (0) 2732 881-300

Fax: +43 (0) 2732 881-79

mailto:robert.gabriel@eybl-international.com

Branche: Speciality stores
ISIN: AT0000908157
WKN: 914117
Index: WBI, Standard Market Auction
Börsen: Wiener Börse AG / official market