Job cuts at the Swissprinters Group
The negative economic trend has led to a significant decline in orders at the Swissprinters Group in recent months. The company is therefore cutting 70 out of 1050 jobs.
The printing company Swissprinters is cutting 70 jobs across all four sites in Switzerland with immediate effect. Ongoing price pressure, shrinking volumes and a decline in orders as a result of the difficult economic situation are forcing the Group to take immediate action. Almost half of the job cuts will take the form of ordinary and early retirements, as the printing company writes in a press release. The redundancies will be carried out in compliance with the legal requirements. A social plan will be made available to the employees affected.
Due to weaker demand, Swiss Printers is expecting a significant drop in sales in the current financial year compared to the previous year. The printing industry has been suffering from overcapacity and falling prices for some time now, with order volumes down by around 15 percent, according to the press release. In addition to short-time working, structural adjustments in the personnel area are now unavoidable, according to Rudolf Lisibach, Managing Director of Swiss Printers.
Swiss Printers is the largest group in the graphic arts industry in Switzerland. It is a subsidiary of the media companies Ringier, NZZ and Edipresse and unites four printing plants: Ringier Print Zofingen, Zollikofer St. Gallen, NZZ Fretz Schlieren and Imprimeries Réunies Lausanne.
Due to weaker demand, Swiss Printers is expecting a significant drop in sales in the current financial year compared to the previous year. The printing industry has been suffering from overcapacity and falling prices for some time now, with order volumes down by around 15 percent, according to the press release. In addition to short-time working, structural adjustments in the personnel area are now unavoidable, according to Rudolf Lisibach, Managing Director of Swiss Printers.
Swiss Printers is the largest group in the graphic arts industry in Switzerland. It is a subsidiary of the media companies Ringier, NZZ and Edipresse and unites four printing plants: Ringier Print Zofingen, Zollikofer St. Gallen, NZZ Fretz Schlieren and Imprimeries Réunies Lausanne.
