Ringier and NZZ printing plant: Swissprinters at Zofingen AG plans to close its operations

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The printing company Swissprinters in Zofingen AG plans to cease operations at the end of September this year. The joint subsidiary of media companies Ringier and NZZ currently employs 144 permanent staff.

According to the company’s statement on Monday, the closure is due to decreased demand for printing products, loss of important orders and persistently high paper and energy prices.

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110 people have been laid off and approximately 70 people are expected to be laid off

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“Not one out of 4,000 jobs was saved.”

Final decision after consultation process

All employees will be affected by the suspension of activities. However, the final number of employees to be laid off will only be known after the completion of the consultation process, which started on Monday.

Swissprinters is owned by Ringier (70 percent) and NZZ (30 percent). The company prints magazines, brochures and catalogues. (SDA/wgr)

Source :Blick

Tim

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.