[Leica] R.I.P. ILFORD

[gregj.lorenzo at shaw.ca (GREG LORENZO)]

Still old BAD news as this was several days ago. Ilford is still operating 
but at a much reduced pace.

I suspect that their line of film related products will continue for some 
time.

Regards,

Greg

----- Original Message -----
From: Didier Ludwig <rangefinder@screengang.com>
Date: Saturday, September 4, 2004 2:51 pm
Subject: RE: [Leica] R.I.P. ILFORD

> 
> >>>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.
> 
> 
> 
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