Burrups jobs at risk as City outlook remains bleak

News by

12 December 2002

St Ives financial printing division, Burrups, is three-quarters of the way through a consultation to make 10% of its London staff redundant due to tough conditions in the financial print sector.

St Ives deputy divisional managing director Chris Cartwright said: The
conditions in this market are bad and theres no sign of improvement at the moment.

He said the fortunes of investment banks, lawyers and financial printers had been hit by what will have been three years of a bear market later this month.

The 24 production and admin staff were told last week that their jobs were at a high risk of redundancy. Burrups has around 200 staff.

Three months ago St Ives Burrups made 13 redundancies (PrintWeek, 13 September).

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"This is a repeat of what happened to 1066 Capital t/a Crystal a year ago. They also never put this company in administration. We are all still left unable to claim the redundancy and notice pay owed..."