Stamp Producer Trodat to Slash 40 Jobs

Published: July 1, 2014; 18:20 · (Vindobona)

Stamp producer Trodat announced plans to slash 40 jobs in order to reduce operation costs, but the firm has not changed its guidance for this and subsequent years, as it targets doubling the revenue to EUR 300 million by 2020.

Stamp Producer Trodat to Slash 40 Jobs / Picture: © Trodat GmbH

CEO Michael Peduzzi declared that the stamp market in Europe an the USA was declining.

Meanwhile markets in China, India and Latin America can compensate for the revenue drop, but cannot generate as much profit as the European or U.S. market.

The affected employees will be partially offered substitute jobs at subsidiary Trotec in Marchtrenk.

While Trodat failed…

This article includes a total of 569 words.

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