More than 100 workers are facing a bleak future after print solutions firm Flint Group said it is considering closing its Dundee site.
The company operates one of three global transfer media facilities from premises on Old Glamis Road.
It told shocked staff this morning that “significant and worsening financial losses” meant it is considering closing the facility with the potential loss of 117 jobs.
Under the plan, work carried out in Dundee would transfer to a consolidated site in America.
The company blamed the “irreversible decline in printing of newspapers, magazines, and other publications, combined with the rapid growth of smart phones and tablets replacing previously printed material” for its decision.
Flint will now enter into a 45-day consultation period over the proposed closure and redundancies.
“We’re extremely disappointed to have to make this announcement today, especially since our team in Dundee has worked so hard to improve our cost and delivery performance,” said David Wood, Dundee operations manager.
“The structural changes in the marketplace are clearly irreversible and demand for our products is falling fast as digital innovations continue to drive people away from print media.
“When these market trends are combined with a site financial operating loss in 2015 of over £1 million, regretfully it is clear that we must address this excess capacity.”
Tony Lord, vice-president and general manager of Flint Group’s Print Media Europe division, said: “Communication and consultation with our employees and their representatives will now be a key priority during this difficult time.
“A further announcement will be made at the end of the consultation period.”For more on this breaking story, see Wednesday’s Courier.