PMP is to close its print facility at Wacol in Brisbane just weeks after the shutdown of its former IPMG plant at Noble Park in Melbourne.
In a statement this morning to the ASX, PMP said the move confirmed it was “on track to extract synergy benefits that result from the merger of IPMG with PMP” – which was completed on 1 March.
As part of the company’s plan to achieve synergy benefits, on 31st March PMP closed the former IPMG print facility at Noble Park in Melbourne with 100 redundancies.
Further in line with that plan, today the company will close the PMP Print facility at Wacol in Brisbane which along with other non Wacol initiatives results in a total of 76 redundancies.
PMP continues to make good progress on the further consolidation of its operations as it moves to fully implement the synergy plan. PMP is working constructively with the AMWU in the process.
The merger between PMP and IPMG was completed on March 1 after a lengthy review process by the ACCC.
The newly-merged print company confirmed last month that three of its sites – one each in Victoria, NSW and Queensland – “will likely need to close.”
The AMWU estimated a total of 300 jobs would be lost due to the closures.