Job losses for Edinburgh print company
December 24, 2011 by Michael
Stewarts of Edinburgh announced it was in financial difficulty by calling upon an administration firm in the last few days. The administrators will close the firm down, after 130 years of being an established print company. The company made its name for being one of the first firms to carry out full colour postcard printing.
Falkirk print shops are seeing a trend for people foregoing larger or online-based printing companies as customers search for a cheaper option or a personal touch to their printing that they do not get from some larger print companies.
Stewarts of Edinburgh currently employs over 50 people, all of whom will now be facing redundancy as a result of the firm’s closure. Price Waterhouse Coopers were appointed to take the company into administration and a spokesperson for the company spoke about the situation, saying:
“The directors had tried to restructure the business and its funding and while they had made good progress in the operating business, they were unable to find a solution for their major creditors.”
The managing director of Stewarts of Edinburgh, Terry O’Hare, said:
“I’m devastated for the staff, as it’s just so hard for them. It is a difficult time for the industry, and I think it is only going to get tougher.”
Whilst this is a blow for the heritage of printing in Scotland, it could also be an opportunity for smaller local print shops in Falkirk to show how they can shine and thrive; even in a tough economic climate.