Germany-based Papyrus Kuvert to eliminate 34 jobs at its envelope-producing plant in Ettlingen, Germany, over the next few weeks due to declining demand for envelopes
Sandy Yang
LOS ANGELES
,
March 5, 2012
(Industry Intelligence)
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Papyrus Kuvert GmbH & Co. KG will be cutting 34 jobs at its envelope-producing plant in Ettlingen, Germany, over the next few weeks, reported EUWID-Paper on March 5.
The company is being forced to adapt to declining demand for envelopes, said a company spokesperson.
The plant now employs 111 people.
Papyrus Kuvert makes 7 million envelopes a day and generates annual sales of about €26 million (US$34.4 million), EUWID-Paper reported.
The primary source of this article is EUWID-Paper, Gernsbach, Germany, on March 5, 2012.
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