More than 117 employees for global packaging and printing supplier Flint Group are likely to lose their jobs as the firm plans to shut down its printing facility in Dundee, Scotland.
Declining conditions in the printing industry had affected production at the plant, which faced the risk of closure owing to ‘significant and worsening financial losses’.
Flint’s transfer media factory at Dundee is used to manufacture materials for customers across Europe, reports BBC.
The firm is, however, contemplating to consolidate all its works carried out at the site to its other two transfer media factories in the US.
Flint Group Dundee site operations manager David Wood was quoted by The Scotsman as saying: "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 more than £1m, regretfully it is clear that we must address this excess capacity."
The firm will be initiating a 45-day consultation process with staff over the proposed closure of the plant, following which a final announcement will be made.
Flint Europe print media vice-president and general manager Tony Lord was quoted by the publication as saying: "Communication and consultation with our employees and their representatives will now be a key priority during this difficult time.
"We want to reassure our customers that despite the current consultation period about to start in Dundee, our supply chain will continue to run as normal and there will be no negative impact on existing or new orders. We remain totally committed to delivering first-class products within our standard European lead times."