EskoArwork, the prepress systems and equipment supplier based in Gent, Belgium, has announced a 10 percent reduction of its workforce worldwide and a reduction in operational spending. “The current economic slowdown and 2009 global outlook have led to this decision, despite profitable growth in 2008,” declares Carsten Knudsen, CEO.
“2008 continued an unbroken record of growth in our bottom line over the past five years," says Knudsen. “However, we cannot ignore the current economic conditions, nor the outlook for 2009. In the coming year we will concentrate our efforts on servicing our large current customer base and our strategic developments while acting in a more conservative manner in other areas. By proactively addressing our cost structure, we can assure EskoArtwork customers and partners of a continued profitable performance, while simultaneously safeguarding our long term strategic goals."
Implementation of the restructuring, he adds, will be completed by the end of January.
Prior to the announcement, EskoArtwork employed around 900 people worldwide. Its global sales and support organization covers Europe, the Americas, Asia Pacific and Japan. The company also has a network of distributors in more than 40 countries.