Melbourne digital print outfit The Printcentre closed its doors yesterday with staff turning up to work Monday morning unaware that the business was in strife.
A former employee of the company told Australian Printer liquidators entered the business yesterday to start moving property, and have now locked the doors.
The source says around 20 staff are currently employed at The Printcentre in Melbourne, however most had not been paid staff entitlements for several months.
“I am just disappointed for the staff that worked hard to try and make the business succeed, it is tough that the people who put in the hard work get burnt the most out of this,” the source says.
“This was always going to happen, it was just a matter of time. The business held on as long as it could.”
A loss of major accounts and plummeting job pricing is being attributed as the cause of the company’s collapse.
A Melbourne industry insider has also confirmed the company’s closure, and says it has dramatically dropped its prices in recent months.
“We have been coming up against The Printcentre for jobs a lot lately, they have recently moved into trade printing,” the insider told Australian Printer.
“Their pricing has been unrealistic and generally when we see that happening we know it is the beginning of the end.”
The Printcentre’s website has been shut down and calls to business are unanswered.
Australian Printer hasn’t been able to reach directors John Doyle and Darren Soppi for comment.
In 2015 the company pulled most of its production out of Sydney and moved to Melbourne due to poor sales with six staff made redundant.
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