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TUPE revision is good news but won't stop phoenixes

The thorny issue of pre-packs has raised its head again, following last month's Employment Appeal Tribunal ruling that means staff at a company bought out of administration in a pre-pack deal are now protected by TUPE.

Clunky proposals won't help creditors or stop phoenixing

I am certain the government's new proposals will go some way to quell growing unrest about pre-packs, but am concerned the practical outcome will be 'phoenixing' in a different form and a reduction in returns to creditors. Some of the proposed measures appear badly thought out when we should be focusing on returns to creditors, not the apparent emotional displeasure of entrepreneurs being allowed a second chance.

An interview with Kodak CEO Antonio Perez

Despite the challenge of a Chapter 11 bankruptcy, Kodak CEO Antonio Perez painted a fairly bright picture of the legendary Rochester, NY-based company's future, in an exclusive interview with PrintWeek ahead of GraphExpo.

A policy for pre-packs and phoenix companies is vital

It's not unusual for print companies to make contact with paper merchants for supplying phoenix companies and sometimes try and exert pressure not to supply them. However, the NAPM advises all members to have a policy concerning phoenix and pre-pack companies, because bad debt and the risk of bad debt remains the main concern for our members. Some NAPM members have more subjective policies than others who may well have decided not to supply any phoenix or pre-pack company.

Employees' rights are secure but pre-packs will continue

The Employment Appeal Tribunal (EAT) has determined that the Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) do apply to businesses bought out of administration. This includes the pre-pack administrations that have become the vogue in the last five years or so. Employees will now have the right to transfer to the new business and not be cast aside.

Magic money tree has propped us up, but it is due to be felled soon

Back in September, a consortium of printing industry trade bodies gloomily wrote to the chancellor Rishi Sunak warning him that 3,000 print business would be at risk of sinking without a trace if lockdown restrictions weren’t eased and the industry didn’t receive some form of targeted relief.

How. Can. It. Be. Christmas?

Where did 2017 go? Looking through our review of the year, it most definitely happened – and while it might not have been a vintage year for print, it was certainly an eventful one.

Drupa to light way as print industry keeps advancing

At next year's Drupa, the industry's suppliers will announce, and possibly even deliver, many new or upgraded products that will give an insight into the direction that print will take in the future. Here are some of the key trends that will have an impact on what we see at next year's show:

Proof positive of print’s innovation

Following our usual summer hiatus in print and this issue’s resulting catch-up on the industry’s comings and goings, you could be forgiven for thinking that the past few weeks have been pretty painful for print.

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