Staff at Belgian digital press manufacturer Xeikon were in a mass meeting this morning (9 November), amid speculation about the firms financial situation.

An announcement is expected to be posted on the financial wires at lunchtime.

In August the firm posted a near 25-fold rise in second-quarter losses, with a net loss of 7.3m ($10.4m) on revenue down 29% to 24.3m.

Earlier in the summer, the digital press manufacturer was planning to borrow a further 28.6m ($40m) to overcome the lean period caused by an absence of orders from Xerox and the troubled introduction of its CSP 320 D.

Xeikon is scheduled to announce results for the three- and nine-month periods ended September 30, 2001, on Tuesday, November 13.


Further stories will follow as news becomes available