Shock in St. Pölten: Traditional printing has to be closed after 151 years!

Shock in St. Pölten: Traditional printing has to be closed after 151 years!

Another traditional company is on the fore: the Walstead Leykam printing company in St. Pölten, which has been successful since 1874, has to be closed. This decision affects 55 employees who are now facing an uncertain future. As oe24.at , many employees have worked there for decades, and the loss of their work is a dramatic phrase that is fundamental Changes in the printing industry are considered. The British Walstead Group justifies the closure with market changes and increasing cost loads that have endangered the profitability of the location.

The domino effect in the economy

This development could trigger a domino effect, as can often be observed in the economic context. If an important company like Walstead Leykam is insolvent, suppliers and other branches of use can also get into a crisis. Just as it happened during the Corona pandemic when numerous companies faced bankruptcy and triggered a chain reaction that affected many employees. As karreiebibel.de in detail, the domino effect can have significant effects on the entire industry and a clear example of the dangers that are connected to the closure of a central company.

The loss of such a historical company is not only a difficult blow for the workforce, but also raises questions about the future of the printing industry. The domino effect, which can result from the bankruptcy of such a company, may not remain limited to the employees, but could also affect other companies in the sector and cause more comprehensive economic uncertainty.