As at 30 June 2010, the Group had 5,735 employees*, 386 fewer than as at 30 June 2009. The workforce decreased by 199 since 30 September 2009.

Operating personnel expenses declined in the period 1 July 2009 to 30 June 2010 compared with financial year 2008/2009 from EUR 322.6 million to EUR 318.2 million. This figure is net of severance payments for workforce reductions made as part of the restructuring programme. As a proportion of revenue, operating personnel expenses rose to 35.5 percent.

Due to the decline in Group revenue, revenue per employee dropped from EUR 171,000 to EUR 154,000.

At segment level, the number of employees in the Industrial Cranes segment was reduced to 3,134 at 30 June 2010 compared with 30 June 2009. In the Port Technology segment, the number of employees decreased to 649 at 30 June 2010. The Services segment had a workforce of 1,703 at the end of the third quarter of 2009/2010. The decrease in the number of employees at segment level compared with 30 June 2009 is a result of our restructuring programme. The first quarter of 2009/2010 also saw key management functions relating to finance, accounting, human resources, IT, marketing and corporate development centralised in Shared Services and transferred to Group headquarters. These employees are shown as employees of Demag Cranes AG, which had a workforce of 249 at 30 June 2010.

We have added to our workforce in emerging markets in response to the positive business trend there.

Compared with a year earlier, the number of temporary employees at 30 June 2010 also increased to 321. These additions were made in growth regions such as India.