Wyndeham enters consultation with 58 Roche employees
By Adam Hooker Wednesday, 29 June 2011
Wyndeham Group has entered into consultation with 58 employees at Wyndeham Roche today as part of a restructure of the facility.
It continues the ongoing contraction that the web sector has seen over the past few months, which many printers hope will ultimately lead to a dramatic rise in prices.
Wyndeham Group chief executive Paul Utting has been unavailable today, however he issued a press statement claiming that the move was taken due to the "severe stress" the sector was under.
He said: "Even an operation like Wyndeham Roche, with modern equipment, needs to make changes in order to remain viable. It is inevitable that similar cost-saving programmes will be implemented across the sector."
All departments of the Cornwall-based site, which employs 340 full-time staff, will affected by the move, which is subject to a 30-day consultation.
Wyndeham Group took on Roche when its parent group Walstead Investments acquired St Ives' web division in April.
A review of the business upon completion concluded that due to "the ongoing poor financial performance of the company" cost savings would need to be made.
Further announcements are expected from the sector in the coming months.
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