“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.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
In Swiss City, Global Anarchists Reject Gov't Debt
Foster children taken away from UK couple for political party membership
Credit Suisse counters critics with $15.6 bln capital plan
If The Fed Fears An Inverted Yield Curve, Why Is It Producing One?
Man dead after police called for help taser, choke & drag him down a staircase
Experimental drug cures 70 percent of patients with hepatitis C
Obama administration wants to put Algerian militant on secret ‘kill’ list
These 12 technologies will drive our economic future
U.S. arms sales nearly triple in 2011, researchers say
European Car Sales Jump As ECB Stimulus Takes Effect
Breaking down the Bitcoin
LAPD takes aim at wave of Asian ‘maternity tourists’
Why the ‘War on Drugs’ has been made redundant
Edward Snowden: US government has been hacking Hong Kong and China for years
Astonishing Images Show $4.2 Million In Seized Dark Market Drugs