A letter seen by PrintWeek, which purports to be from PPG group chief executive Roger Lindop, said the move was made to streamline the business in order to help it manage anticipated costs in line with current and anticipated volumes.
It went on to say that the printing industry has been adversely affected by current economic circumstances and that "as a consequence, PPG has made changes to shift patterns and shift rates particularly, initially, in the press hall at Taylor Bloxham".
Several members of staff also contacted PrintWeek and claimed that they had been asked to take pay cuts ranging from 4-10%.
It is also understood that up to 17 members of staff have left the company.
However, Lindop said the figures for the pay cuts and redundancies were inaccurate, but declined to confirm the correct numbers.
He added that the redundancies were "a minor realignment of the company's headcount" across manufacturing and administration and that there were no plans for further redundancies.
Lindop said: "We have reviewed our cost base in line with current economic conditions and the general uncertainty regarding the broader global rate of economic recovery."
He added the company's view of the future was "very positive" in light of recent market gains.
PPG cuts staff and pay at subsidiary Bloxham
The Print People Group (PPG) has become the latest print company to implement a series of cost-cutting measures that include redundancies and pay cuts across subsidiaries Taylor Bloxham and C&R Printing Services.
