Commenting on the agreement PMG says it will attempt to retain all of Paragon’s staff but says the possibility relies on support from Paragon’s customer base.
PMG outlines, “Our ability to re-employ and grow the number of staff will be dependent upon the level of support received from existing Government and Corporate customers that utilise the products manufactured by Paragon.
“Print Media Group will do everything possible to help maintain the livelihood of the dedicated and experienced staff, many of whom have been with the Company for many years.”
The purchase includes an extensive range of printing presses and finishing equipment necessary to produce many speciality products, according to PMG. Paragon produces a range of jobs for Federal Government and large corporate organisations.
PMG continues, “This has been a very complicated process given all the circumstances surrounding Paragon’s legal status. We have been working closely with the AMWU, administrators Hall Chadwick, and Moore Australasia to find a solution. All parties have greatly assisted us in this endeavour.”
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