Home Business NewsBusiness De La Rue pins turnaround hopes on cost reductions

De La Rue pins turnaround hopes on cost reductions

by LLB Editor
25th Feb 20 10:55 am

Struggling UK banknote maker De La Rue has given details of a plan to try and turn around the business.

It says it wants to make further cost cuts, and further invest in polymer banknotes.

In November 2019 the firm warned that it could collapse.

De La Rue has faced some big setbacks in the past few years, including the loss of the post-Brexit UK passport printing contract to a Franco-Dutch firm in 2018.

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