£14.2m loss revealed at printing firm that cut 200 jobs

PRINTING business RR Donnelley & Sons, which closed its North Yorkshire factory last year cutting 200 jobs, has revealed major losses for the year.

The Harrogate-based company’s accounts to 31 December 2015 showed an operating loss of £14.2m. Restructuring cost the business £7.5m.

RR Donnelley also reported a slight decline in turnover for the year, from £36.8m to £32.6m in the year.

The company put this down to “volume decline and price degradation.”

A pre-tax loss of £17.4m was a huge increase from the £4.1m the company returned the year before.

Turnover had reached its highest point, topping £94m in 2006 before a major restructure.

RR Donnelley transferred production to a fellow group company as of 31 December 2015. Operational production was transferred again during 2016 and management expect this to cease later in the year.

American printing giant RR Donnelley & Sons, which is listed on the New York Stock Exchange, has revenues of £7.7bn and its UK business once counted the Yellow Pages amongst its telephone directory customers.

The Fortune 500 company had been based in Yorkshire for more than three decades, formerly in York before moving to its Flaxby base near Harrogate in 2000.