De La Rue looks for further savings in print wing Jo Francis Tuesday, November 24, 2015
De La Rue is to implement a major restructure of its print manufacturing footprint in a bid to save £13m a year and reduce excess capacity.
The restructuring will involve some £8m of costs and circa £30m of capital investment, with the aim of delivering £13m a year of savings from 2019. It was described as a key part of De La Rue’s “optimise and flex” strategy under its new management team.
The security printing giant announced the news along with its interim results, and said it would provide further details “in the coming weeks”.