Hard blow for the employees of the Romanian printing house in Paragon. Paragon, which generates more than 95 million euros in turnover in France, has announced the forthcoming closure of the printing plant located in Romorantin-Lanthenay in the Loir-et-Cher region.
Installed since 1961, the site has employed up to 200 people. By 2016, 70 employees were still running the six presses in three shifts. Today, the printing plant employs only 39 people and will close its doors by the end of the first quarter of 2021. Only six employees, telemarketers, are expected to continue working, moved to new rented premises, according to information from The New Republic. The production of the printing plant should be spread over the other sites of the group.
In 2016, Vincent Glemot, then head of customer service at the printing works, was nevertheless confident: "In 2016, we will have a new printing plant Here in Romorantin, the site is well run, it's making a profit. Production costs remain low and our results are in line with the objectives set." . Four years later, the company unfortunately does not seem to have made this production unit sustainable: lack of investment, internal competition with the group's other factories in France and Romania, economy of scale or bad résultat?? This last hypothesis is difficult to understand when, according to the latest published results, Paragon's turnover has grown by 24% and earnings before interest, taxes, depreciation and amortization by 18%.
