Phoenix Contact Increases Turnover by 35 Percent

At the automation show SPS/IPC/Drives in Nuremberg, Executive Vice President Roland Bent announced on occasion of a press conference that Phoenix Contact will end the year 2010 with an increase of 35 percent. This represents a total turnover of EUR 1,250 billion. This is a surplus of more than EUR 300 million over 2009 and an increase of around seven percent over 2008, the year before the crisis. For 2011, all indicators point to further growth, although it will be moderate at around ten percent.
"As of today, our decision to retain all staff during the crisis has proved to be the right move. The increase in orders was greeted by a highly motivated staff, ready to return from a sometimes three-day week to full-time hours at short notice, even with overtime and weekend hours. During the first half of the year, most of the contracts for temporary workers were reinstated. Compared to 2009, the number of salaried employees at our German sites increased by 800. Compared to 2008, the year before the crisis, the core workforce will have increased by 400 employees by the end of this year", Bent said.