UPDATE: MPG to take over Cambridge University Press print work
By Hannah Jordan Thursday, 14 June 2012
MPG Group is on the verge of taking over the majority of Cambridge University Press' (CUP) European print work from next month.
CUP said that it was outsourcing its mono, two- and four-colour book and journal manufacturing to the firm from 2 July, as part of a "strategic shift to simultaneous global publication, in print or other formats".
The 428-year-old company said no job losses were anticipated among the 69 staff in its print arm, Cambridge Printing Services, although around 16 employees in administrative and pre-press roles would be at risk of redundancy. Of these, those with relevant skills could be redeployed internally, CUP said.
If the deal goes ahead, it is understood that MPG will take over a facility in the Bar Hill area of Cambridge which would be operational from March 2013. Sources claim that CUP will transfer a single KBA Rapida 105 10-colour press to the site, while it is also understood that MPG intends to deploy high-speed inkjet at the facility – a technology not currently employed at CUP.
Chief executive Tony Chard said the company anticipated investing a "substantial sum of money" in new equipment following finalisation of the deal. He offered no further comment while talks are ongoing.
Both firms met this week with CUP union members and Unite to hammer out the deal, which would see CUP’s printing staff transfer to MPG under TUPE regulations.
PrintWeek understands that CUP staff stand to lose two days’ annual holiday if the deal goes ahead and potentially a profit-related bonus, as well as practical benefits, such as a subsidised canteen and use of sports facilities.
A senior internal source told PrintWeek that the issue of bringing CUP staff holiday entitlement down from 28 days, in line with MPG’s standard 26 days, could be "a deal breaker".
"Obviously they want to respect what CUP staff have but, across the MPG group, employees have 26 days, so they want to bring it in line with that. Unfortunately I don’t know of any commercial employers that could offer them what they currently enjoy at CUP," said the source.
A deal is expected to be reached by the end of June.
- Article updated for PrintWeek magazine. Click here for the original story
Latest jobs Jobs web feed
- Print Buyer Pyramid Consultancy Ltd £25,000 - £30,000pa, company car, phone, lap top , London
- Print Estimator | Exhibition & Display Print | North West Mercury Search and Selection £25k , Manchester
- UK Sales Manager | Self Adhesive Labels | UK - Home Based Mercury Search and Selection £32k-£40k + Attractive commission structure, pension, life insurance, car, laptop & smart phone , UK - home based
- Account Director - Reprographics/ Mail Room - London asg Up to £45,000 + bonus + benefits, London
- Client Services Director | Print Management | South East Mercury Search and Selection £45k+ excellent benefits package, South East
- UPDATED: St Ives hits the acquisition trail again
- HP Indigo users team up for mammoth Coca-Cola task
- Swiss Post acquires Pitney Bowes' UK and Ireland management services business
- Konica Minolta aims to add value with web-to-print deal
- Warwick Printing Company to install UK's first Speedmaster SX 102
- Konica Minolta makes progress with B2 inkjet