I wanted to express my gratitude for this thread. I have a pair of 545HDs, which I purchased last century. They are the only headphones I've ever purchased for me, and they became unusable in the last year. The cables have been loose for some time, the headband is completely flat(the foam seems to have completely 'leaked out'), and finally the cables stopped conducting(unless you hold one in each hand and cram them into the ear pieces). I thought I would have to finally ditch them, but I hate ditching things, so I searched and found this thread.
Armed with the disassembly knowledge above, I purchased new cables(upgraded to 092885 with 092595 adapter) and ear cushions, which Sennheiser still ship(but no headband for this model). The procedure went exactly as Minok described. I just wanted to let the thread know(even if it may be dead), and try to post pictures of this. I must say, I'm impressed there are no metal fastening bits anywhere, and yet none of the plastic/composite pieces truly snapped off. Very clever design.
Each of my kids borrowed these before I made them get their own(which explains the cable failing completely), but still, almost 20 years of service takes its toll. Now they are refurbished, and I'm a happy camper. For what it is worth, I also recently repaired my 3-head cassette deck(also from last century), and my NAD 716(1994), so we've been listening to vinyl and magnetic tape. Now I'm pleased to me doing so with these great headphones. And the kids have been banned. They aren't happy about that, because in comparison, their headphones, well, don't really compare.
Now, can someone tell me how to rescue the headband?!