St Ives deputy divisional managing director Chris Cartwright said: The
conditions in this market are bad and theres no sign of improvement at the moment.
He said the fortunes of investment banks, lawyers and financial printers had been hit by what will have been three years of a bear market later this month.
The 24 production and admin staff were told last week that their jobs were at a high risk of redundancy. Burrups has around 200 staff.
Three months ago St Ives Burrups made 13 redundancies (PrintWeek, 13 September).
Have your say in the Printweek Poll
Related stories
Latest comments
"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
Up next...
Replacement 'will be operational later this year'
Walstead makes decision on Bicester 64pp
'Ridiculous decision'
Unite “prepared to fight” on proposed DS Smith site closure
Also helps mitigate volatile energy prices
