The German press manufacturer has also revealed that it has made "good progress" in implementing its previously announced move to shed 500 jobs from its sites in Augsburg, Offenbach, and Plauen.
According to Manroland, the aforementioned job cuts will affect "indirect" functions in administration, as well as the production areas.
Therefore, Manroland’s global headcount will drop to around 6,000 by the end of 2012.
Manroland previously confirmed that the basic structure of the business would remain unchanged, with its Augsburg and Offenbach facilities maintaining the production of press parts and assembly.
However, the manufacturer's Plauen site, which formerly handled business units for small format newspaper presses, will become a centre for mechanical production and module assembly.
In addition, the business units for small and large newspaper presses will be consolidated at the Augsburg site, which will also handle the central functions for the manroland group.
Earlier this month, manroland announced the formation of a global alliance with Océ that will result in the German press manufacturer supplying Océ's digital high-speed continuous feed equipment from next year.
The two companies will work together in the fields of sales and development with the aim to offer a "single source" for all aspects of the print process within the graphic arts sector.
Have your say in the Printweek Poll
Related stories
Latest comments
"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
Up next...
News comes a year after the Coronation
King and Queen update Royal Warrants
66-year-old firm closes
DCW Penrose shuttered; kit sold at auction
Finishing from start to finish
IFS lauds partners' premieres and Drupa importance
Government emphasised RM's importance to society