Vios management is engaged in ongoing talks over the proposal for Scitex and BT to sell the data transfer and graphic arts ASP to its management team.
It expects to release further details of its plans within the next few weeks.
Scitex revealed that it wished to divest its stakes in the Vio and Karat joint ventures when it announced its year 2000 results (PrintWeek, 2 March).
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"Well done all involved... great to see the investment to increase the productivity in the same footprint- much more sustainable than popping another one up."
"From 1949 until the late 2000s Remploy had a network of government-subsidised factories that offered employment specifically to disabled people, originally often war veterans or victims of industrial..."
"Does appear an odd decision as with that level of shareholder funds they would be liable for the staff redundancy and cover the insolvency costs. It’s not like they could take the money and dodge..."
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