As at 30 September 2010, the Group had 5,711 employees*, 223 fewer than on 30 September 2009.

Operating personnel expenses increased from EUR 322.6 million in financial year 2008/2009 to EUR 329.4 million in the reporting period. Operating personnel expenses are net of severance payments for workforce reductions made as part of the restructuring programme. As a proportion of revenue, operating personnel expenses amounted to 35.4 percent.

Due to the decline in Group revenue, revenue per employee dropped from EUR 171,000 to EUR 161,000.

At segment level, the number of employees in the Industrial Cranes segment dropped to 3,119 as at 30 September 2010. The Port Technology segment’s workforce decreased to 649 employees as at 30 September 2010. The Services segment employed 1,697 persons as at the end of financial year 2009/2010. The decline in the number of employees in the segments compared with the respective figures as at 30 September 2009 was a result of the restructuring programme. Moreover, in the first quarter of 2009/2010, key management functions in the areas of finance and accounting, human resources and IT, and marketing and corporate strategy were centralised in Shared Services and transferred to Group headquarters. These employees are reported as “Demag Cranes AG employees” and they totalled 246 as at 30 September 2010.

At regional level, our mature markets workforce totalled 4,673 as at 30 September 2009, decreasing to 4,408 at the end of financial year 2009/2010. We increased our emerging markets workforce due to the positive business performance there.

The number of temporary employees rose year on year to 465 as at 30 September 2010. The increase took place in growth regions, such as India, where we opened a new factory in July 2010. Furthermore, more temporary employees are again working in Port Technology because of the good order levels in that segment.