Accelerated decline for graphic paper machines due to increasing digitalization and the rise of a new market segment - "medium-size" board and packaging machines, especially in Asia – are two trends behind Voith Paoer's announcement to cut approximately 710 jobs in Germany and Austria and to launch a measurement package to adapt to the new situation.The German and Austrian Voith Paper locations, which mainly develop, design and produce large plants with high investment costs, are particularly affected by the market changes and are to be streamlined. It is envisaged to cut a total of about 710 jobs in Germany and Austria in all areas - in the administration and also in the production departments.The intended staff reductions will hit the Voith Paper locations Heidenheim (about 280 jobs), Ravensburg (about 300 jobs), Krefeld (about 55 jobs) and St. Po¨lten (about 70 jobs). The Voith Paper Management has today informed all relevant committees and the workforces of the affected locations about these plans.Says Hans-Peter Sollinger, CEO of Voith Paper: "The paper market will continue to be an attractive market for Voith with good growth perspectives, which we will utilize in a profitable way. At the same time, the market conditions are about to undergo a radical change. With the planned measures that have just been introduced, we will secure our leading position as a partner in the paper industry, as well as retain our competitiveness and profitability in a changing market environment.“