Archived posting to the Leica Users Group, 2004/09/05
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]>>>Bad OLD news. :-) >> >> >>Bad news, pals: >>ILFORD ENTERS INTO BANKRUPTCY Until yesterday, they were "in administration", but now its definite. Ilford workers in GB have been sacked yesterday friday afternoon. From another list: >Nearly half the staff at Ilford Imaging lost their >jobs yesterday in a move aimed at stemming losses at >the troubled photographic materials supplier. >Receivers Grant Thornton said slashing the workforce >by 330 to 400 increased the chances of finding a buyer >for the firm, based in Mobberley, Cheshire. Ilford, >which was founded in 1879, was placed in the hands of >receivers on Monday after the weakness of the US >dollar and major de-stocking by customers led to >mounting losses. > >A continued decline in the market for black-and-white >film manufactured at the Mobberley site saw sales >slump 26 per cent in the first half of the year. > >Grant Thornton wants to selling Ilford's photographic >business as a going concern and allow the company to >focus on its more profitable digital arm in >Switzerland. > >The Swiss manufacturing company, based in Marly with >450 staff, develops and makes digital inkjet products. >It is continuing to trade. > >"Despite the decline in the monochrome market the >business has a very significant market share," said >Les Ross of Grant Thornton.