The disaster continues at Benny Landa’s Landa Digital Printing, two weeks after the corporate laid off over 100 staff. Right now 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 mentioned in response, “Regardless of the corporate’s vital achievements, the time it has taken to succeed in the complete realization of its enterprise potential is longer than anticipated. The geopolitical scenario, on account of the lengthy warfare in Israel and regional instability, in addition to business causes, have made it tough for the corporate, and the shareholders who’ve financed the corporate all through its years and so they just 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 movement disaster. In response, the corporate has carried out a reorganization course of in current weeks, as a part of which vital cuts had been additionally made to take care of the scenario and allow the continued realization of its potential. The corporate’s staff and clients have been up to date on the scenario and can proceed to be up to date as related developments happen, out of understanding the advanced scenario through which they discover themselves and out of deep appreciation for his or her work and their full dedication to the corporate.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on June 29, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
