All Sections
Welcome guest, you have 3 views left.  Register| Sign In

Home | Business

Layoffs at Goss in Durham

Union Leader Correspondent

April 05. 2012 11:38AM

DURHAM - A reorganization and restructuring of some departments resulted in layoffs at printing and finishing press manufacturer Goss International last week.

Communications manager Greg Norris said the changes resulted in a limited reduction in force, but he said the company is not divulging the number of employees impacted.

He said company policy is to not release the number if it is limited and does not fundamentally affect the companys operations.

Goss International employs about 700 people in the United States, he said, the majority of them working out of the Durham facility. The company also operates smaller facilities in Texas and Chicago.

Goss employs about 2,300 people worldwide.

Norris said the reduction in force is a result of lower-than-expected order volumes over the last two quarters.

He said there are a couple of factors that have led to the decline.

I would say it is a combination of economic conditions worldwide, and some challenges specific to our industry, the print and media industry, Norris said. Weve seen a stagnation of advertising spending and that impacts the demand for presses.

Essentially, he said, they are facing the same challenges as many of their customers, which include newspapers, magazines and catalogs.

But Norris said the company is optimistic about some of its prospects with existing technology and some new technology they have developed.

We do see some optimism and we do feel we are in a strong position relative to some other suppliers in the industry, Norris said.

Goss International recently introduced the Sunday Vpak Packaging Press, which was adapted from existing technology to meet the specific needs of the packaging industry, which Norris said are different than newspaper or commercial printing needs.

Business Labor Durham

More Headlines

GBCC selects new president