9. Restructuring

voxeljet AG

At the end of 2019, a provision of kEUR 453 was made to cover the costs associated with a restructuring program announced by Management in November 2019 for the German operation. This program includes the reduction of headcount mainly in production in order to adjust the capacity but also in further functions. Estimated restructuring costs mainly include employee termination benefits based on a voluntary program which has started on February 17, 2020. This program has been agreed with the workers’ council in a company agreement. On April 16, 2020, the voluntary program expired with the result that the desired reduction in headcount has been completely achieved through the voluntary program, and therefore the cost saving targets have been fully implemented.


		Twelve months ended December 31, 2019
Line items in statement of comprehensive loss / Components of restructuring charges		(€ in thousands)

Cost of sales		302
Employee termination costs		302

Selling expenses		77
Employee termination costs		77

Administrative expenses		45
Employee termination costs		45

Research and development expenses		29
Employee termination costs		29

Impact of restructuring		453

voxeljet UK

The Company decided to consolidate 3D printing to serve all customers in Europe from the German service center and restructure the voxeljet UK entity. The restructuring includes reduction in headcount and disposal of certain assets. Consequently the lease of the Milton Keynes facility has been early-terminated and will end at the end of May 2020.


		Twelve months ended December 31, 2019
Line items in statement of comprehensive loss / Components of restructuring charges		(€ in thousands)

Cost of sales		312
Loss on disposal of assets		226
Employee termination costs		67
Impairment of Inventories		19

Selling expenses		42
Loss on disposal of assets		20
Employee termination costs		16
Write-off right-of-use asset		6

Administrative expenses		274
Loss on disposal of assets		81
Employee termination costs		35
Lease maintenance costs		100
Settlement of agreements		14
Legal Consulting		25
Write-off right-of-use asset		19

Impact of restructuring		628