“Banknote and passport printer De La Rue is to cut about 300 jobs and halve its number of production lines to four as it battles a global decline in demand for cash.  The company, which produces notes for the Bank of England, has set out a restructuring plan that will see almost 10pc of its workforce go as it consolidates its banknote printing operations at three centres.  The introduction of plastic notes is causing a revolution in the industry, as printers struggle to deal with he challenges of printing on new materials. The banknote printing industry is facing the challenges of global overcapacity, with many of the printers state-backed.”

http://www.telegraph.co.uk/finance/newsbysector/epic/dlar/12028484/De-La-Rue-to-cut-jobs-and-print-fewer-banknotes-as-shift-to-electronic-payments-hurts-paper-money.html

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