(39) Events after the close of fiscal 2008

The massive collapse of the market also witnessed in the material handling equipment sector in the fourth quarter of 2008 continued unabated at the beginning of 2009, leading to declines in incoming orders in new truck business. Therefore, Jungheinrich decided to take measures going above and beyond adjusting production to reduced demand in the second quarter of 2009, namely to introduce short-time work across all manufacturing sites and prepare for short-time work in corporate departments. Moreover, several technology-centric cost-related and structural projects were initiated with a view to cushioning the negative effects of the economic and sales crises.