Landa Digital Printing (LDP) is set to undergo a streamlining process by laying off over 100 employees out of its workforce of 500, following a temporary fall in sales due to the war. The company has initiated a restructuring process to align the overall structure with the current business environment and support its growth.
“The company is experiencing growth and, over the past year, has seen an increase in new customers, with a 30% rise in the number of printing presses installed at customer sites, including many repeat orders from key customers,” said the company is a statement. “Although the company’s potential is clear, it now requires greater investment than initially anticipated, in light of the market environment, customer caution due to geopolitical and economical uncertainties, the ongoing war in Israel, and other commercial challenges.”
LDP’s management and board of directors have decided to reorganise the company to better adapt to the current market landscape and to pursue realising its potential. As part of this process, workforce reductions will be implemented. Customers and their business continuity remain the company’s top priority. In parallel, the company is in discussions with potential strategic investors.
