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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"It's wrong to assume the Chinese are behind the curve on automation - it used to be the case that manual processes were kept becuase it was cheaper to use them than buy the automated equipment,..."
"Incredible, what a business!"
"Sad news. Their prices were unsustainable - it was a race to the bottom."
