As already set forth in the Annual Report 2012/13, the negotiations with employee representatives regarding reconciliation of interests and a social compensation plan for the remaining 350 employees, which were initiated after the resolution by the Management Board in March 2012 to close the rail production of TSTG Schienen Technik GmbH & Co KG in Duisburg, were successfully completed on May 16, 2013. The final closure will take place toward the end of the 2013 calendar year after all still remaining orders have been completed (regarding provisions formed for the closure, please see the section “Antitrust proceedings relative to railway superstructure material”).
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