Axe hanging over 117 staff
Flint to axe jobs in Dundee as print orders decline
Printing firm Flint Group is considering closing its Dundee site because of “significant and worsening financial losses” caused by the decline in print media.
The company admitted it could mean the loss of 117 jobs and the transfer of work to a consolidated site in America.
The company blamed the “irreversible decline” in printing of newspapers, magazines, and other publications, combined with the rapid growth of smart phones and tablets replacing previously printed material.
Flint made a £1 million loss in 2015 and has entered into a 45-day consultation period over the proposed closure and redundancies.
“We’re extremely disappointed to have to make this announcement today, especially since our team in Dundee has worked so hard to improve our cost and delivery performance,” said David Wood, Dundee operations manager.
“The structural changes in the marketplace are clearly irreversible and demand for our products is falling fast as digital innovations continue to drive people away from print media.
“When these market trends are combined with a site financial operating loss in 2015 of over £1 million, regretfully it is clear that we must address this excess capacity.”
The firm made 43 people redundant at the site in 2012, after the group announced a £2.5m loss that year.