The disaster continues at Benny Landa’s Landa Digital Printing, two weeks after the corporate laid off over 100 staff. Immediately the corporate filed a request with the court docket for a keep of proceedings, “In an effort to give the corporate the required time to exhaust procedures with strategic organizations.”
Landa Digital Printing stated in response, “Regardless of the corporate’s vital achievements, the time it has taken to achieve the total realization of its enterprise potential is longer than anticipated. The geopolitical state of affairs, on account of the lengthy battle in Israel and regional instability, in addition to industrial causes, have made it tough for the corporate, and the shareholders who’ve financed the corporate all through its years and so they lately knowledgeable the corporate’s administration that they intend to cease financing the corporate instantly.
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“In consequence, the corporate has discovered itself in a money circulation disaster. In response, the corporate has carried out a reorganization course of in current weeks, as a part of which vital cuts have been additionally made to take care of the state of affairs and allow the continued realization of its potential. The corporate’s staff and clients have been up to date on the state of affairs and can proceed to be up to date as related developments happen, out of understanding the advanced state of affairs during which they discover themselves and out of deep appreciation for his or her work and their full dedication to the corporate.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on June 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
