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Greaves Employees Accept Proposal

Tuesday, January 29, 2008

Press release from the issuing company

January 28, 2008 - Employees at Polestar Greaves have accepted the Company's proposal to close the press business. A package including re-deployment opportunities, redundancy terms and provision of advice and support for those being made redundant has been accepted by the workforce. The management team will now work towards closure of the printing company on 9th April 2008.

Andy Reynoldson, managing director of Polestar Greaves, says: "We are extremely grateful to the employees for their co-operation. With their ongoing support, we can ensure the final closure is conducted as efficiently and professionally as possible."




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