You are right on the pension costs. In the past these were to be paid by profits from that division. In times of severely shrinking markets research into new products would be the way to go. With Agfa seemingly steering off from material sciences and hardly funding research into new materials there will be problem. The other divisions who themselves need a lot of funds to establish their new products will have to take those costs too.
If I remember well pension costs were a constant topic in company statements since the AgfaPhoto case.
There seem to be basically two attitudes: that in bad times both, owners/investors and employees have to give in and that even in bad times the employees must hold their level.
One can assume though that investors have more cushion in their private lives to take in than employees.
Last edited by AgX; 03-05-2014 at 05:35 PM. Click to view previous post history.