Water up to your neck
Meyer Druck AG is in deep trouble.
Meyer Druck AG is up to its neck in water Meyer Druck AG is up to its . "We have concluded contracts with customers and suppliers to ensure that they don't withdraw orders or deliveries," says Stefan Wenkebach, describing the uncomfortable situation. He had already taken over the print shop on May 23 for a symbolic franc.
30 out of 80 employees were dismissed. Shortly afterwards, new trouble came from the pension fund: the cantonal authorities dismissed the Board of Trustees. It is suspected that liquidity bottlenecks may have led to irregularities.
Wenkebach evades the question of when Meyer Druck will be in the black. "In 2 to 3 weeks or in 2 to 3 years," he told WerbeWoche, referring to the market situation. However, Meyer Druck AG's market position is anything but comfortable. The printing company is number two in Switzerland in the dying gravure printing sector of all things. (dse)
30 out of 80 employees were dismissed. Shortly afterwards, new trouble came from the pension fund: the cantonal authorities dismissed the Board of Trustees. It is suspected that liquidity bottlenecks may have led to irregularities.
Wenkebach evades the question of when Meyer Druck will be in the black. "In 2 to 3 weeks or in 2 to 3 years," he told WerbeWoche, referring to the market situation. However, Meyer Druck AG's market position is anything but comfortable. The printing company is number two in Switzerland in the dying gravure printing sector of all things. (dse)
