De La Rue

Type
Internal restructuring
Country
United Kingdom
Region
North East (England); Northumberland, Durham and Tyne & Wear; Sunderland
Location of affected unit(s)
Gateshead
Sector
Manufacturing
(18) Printing and reproduction of recorded media
18.1 - Printing and service activities related to printing
18.12 - Other printing
170 jobs
Number of planned job losses
Job loss
Announcement Date
25 June 2019
Employment effect (start)
Foreseen end date

Description

Printers De La Rue has announced plans to cut 170 jobs from its site in Gateshead. The firm which prints bank notes had previously also held the contract to manufacture British passports, though in 2018 this contract was awarded to a competitor. Despite this, the company did not mention the loss of the passport contract when it announced the plans to cut jobs, instead referencing the need to remain globally competitive. The Unite union commented that the loss of the passport contract raised serious concerns about the long-term future of the site in the North East. The time frame for the restructure has not yet been reported.

Sources

Citation

Eurofound (2019), De La Rue, Internal restructuring in United Kingdom, factsheet number 98055, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98055.