EANS-News: Symrise AG secures competitive position of German sites through 2020

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Company Information

Subtitle: • Employment guarantee for employees in Germany
• Increase in vocational training and employee qualification levels
• Total investment of € 220 million in expansion and moderni-zation
• Cost benefits of more than € 80 million up to 2020

Holzminden, January 11, 2012 (euro adhoc) - The Executive Board of
Symrise AG and the IG BCE (Mining, Chemical and Energy Industrial
Union) further developed their collective agree-ments on January 11,
2012, with the aim of strengthening the Company's German sites and
ensuring qualified personnel in the long term. Symrise is therefore
extending its employment guarantee for its German sites from the
previous date of 2016 to the end of 2020. In return, the staff will
do without some salary increases in the future. In addition, the
40-hour week has been fixed until 2020. The agreement also provides
for some major additional investment in the German sites.
Furthermore, the Group is reacting to demographic change by creating
additional apprenticeships as well as staff enhancement and training
measures.

The collective agreement signed on January 11, 2012 constitutes the
continua-tion and extension of the existing site guarantee agreement.
The first agreement signed in 2009 and the previous guarantee of job
security at the German plants up to 2016 will now be extended up to
2020. In view of this, Symrise intends to make further investments in
the expansion and modernization of the German sites. Symrise will
invest an additional EUR 100 million in Germany up to 2020, on top of
the agreed investment volume of EUR 120 million up to 2016. The Group
is anticipating accumulated cost benefits of more than EUR 80 million
over the course of the agreement.

Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, stated: "This extended
agree-ment represents a long-term commitment to our German sites and
sends out a strong signal to our employees. It includes far-reaching
measures designed to strengthen our international competitive
position. A sturdy foundation for our Company and our employees is
crucial to the lasting continuation of our profit-able course of
growth."

The new collective agreement also comprises staff training programs
and measures designed to facilitate the Company's internal
generational change. Symrise is committing itself to offering around
50 vocational training positions at its German sites to young people
every year.

"Demographic change will be one of the prime challenges faced by
German businesses in the years to come. Symrise is a market leader in
a dynamic and global industry and is therefore highly attractive to
the next generation of junior staff. We are highlighting this by
expanding our training programs, with which we intend to secure
access to bright up-and-coming employees for many years to come,"
said Head of Human Resources, Dr. Iñigo Natzel.

"The extended site agreement offers security to Symrise's employees
in Ger-many. Symrise guarantees that it will maintain stable
occupational levels at the German sites until 2020 and that it will
not announce any redundancies made for operational reasons," said
Karl-Heinz Huchthausen, Chairman of the Gen-eral Works Council of
Symrise AG. "The agreement is a combination of the tried-and-tested
with important new additions to site expansion and staff training. It
reflects the confidence that Symrise has in its business model and in
Germa-ny as a business location," added Peter Winkelmann of the IG
BCE.

About Symrise Symrise is a global supplier of fragrances, flavorings,
cosmetic active ingredients and raw materials as well as functional
ingredients. Its clients include manufacturers of perfumes, cosmetics
and foods, the pharmaceutical industry and producers of nutritional
supplements. Its sales of EUR1.572 billion in 2010 place Symrise
among the top four in the global flavors and fragrances market.
Headquartered in Holzminden, Germany, the Company is represented in
over 35 countries in Europe, Asia, the United States and Latin
America.

Symrise works with its clients to develop new ideas and market-ready
concepts for products that form an indispensable part of everyday
life. In doing so, Symrise combines its insights into consumer trends
with cutting-edge technologies, focusing on innovative trend and
lifestyle products that have additional practical value for the
consumer. Symrise - always inspiring more… www.symrise.com

Further inquiry note:
Press contact:
Bernhard Kott
Phone: +49 (0)5531 90-1721
E-mail: bernhard.kott@symrise.com

end of announcement euro adhoc
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company: Symrise AG
Mühlenfeldstraße 1
D-37603 Holzminden
phone: +49 (0) 5531/90-0
FAX: +49 (0) 5531/90-1649
mail: ir@symrise.com
WWW: http://www.symrise.com
sector: Chemicals
ISIN: DE000SYM9999
indexes: MDAX
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English