Manroland has revealed it is to shed 500 jobs as part of a strategy the press manufacturer claimed would enable it to position it for "future growth".

The company said the move came at a time where press sales within the business are dropping in established industrial countries but dynamic growth is taking place in emerging markets.

Manroland confirmed that the basic structure of the business would remain unchanged, with its Augsburg and Offenbach facilities maintaining the production of press parts and assembly.

However, the manufacturer's Plauen site, which formerly handled business units for small format newspaper presses, will become a centre for mechanical production and module assembly.

In addition, the business units for small and large newspaper presses will be consolidated at the Augsburg site, which will also handle the central functions for the manroland group.

As a result, the company confirmed that 500 jobs would be cut, predominantly in the administration division, leading to a decrease to 6,000 by the close of 2012. The manufacturer said that it would make annual savings of €50m from 2013.

Elsewhere, manroland claimed that its service offering, which includes its printservices business, now accounts of more than 30% of its business and is set to grow further.