Operations director Chris Pavlosky said Greaves "continues to be a loss-making business, which we can no longer sustain in its current form", but added that "talk of closure at this time is premature".
A local newspaper reported that staff had been told the plant could close in April, but both Polestar and GPMU deputy general secretary Tony Burke dismissed this rumour.
Have your say in the Printweek Poll
Related stories
Latest comments
"Very insightful Stern.
My analysis?
Squeaky bum time!"
"But in April there was an article with the Headline "Landa boosts top team as it scales up to meet market demand", where they said they came out of last year’s Drupa with a burgeoning order..."
"Yep. Tracked is king."
Up next...
Print services required
Trio of new tenders up for grabs
Greater automation and ease-of-use
Konica Minolta enhances AccurioPress C7100 series
Energy savings and wider gamut
Wilmot-Budgen takes first LED Onset
Weekly one million mark