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Alden Press to go into administration
11:29am Monday 1st December 2008
ONE of Oxfordshire’s oldest printing firms Alden Press, which employs 121 people in De Haviland Way, Witney, will today file to go into administration.
The move will put the jobs of its Witney workers and another 41 in London, at risk.
Operations director Arthur Gachowski confirmed the workers had not received their pay for November, but they had reported for work in order to learn more about the company’s state of affairs.
Mr Gachowski blamed the credit crunch for the situation at the firm, which dates back to 1832.
He said: “We could not extend our borrowings.”
He said an administrator would be appointed after consultations with the company’s bank.
Alden was taken over in September this year by the HenDi Group.
It moved from Osney Mead in Oxford to Witney in 2006.
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