Buhrs Mailing Solutions BV, Buhrs-ITM GmbH and Betron GmbH Enter into Insolvency
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Buhrs already introduced and implemented a global reorganization program that began in 2008 and has continued through 2010. This program has lead to significant fixed costs reductions (-40%) and made the company much more flexible. Buhrs currently employs around 250 people which is down significantly from a level of 360 people prior to the reorganization program. In 2008 and 2009 Buhrs generated substantial losses, but 2010 year-end forecast is profitable. Order intake YTD 2010 compared to same period last year is up 25%. Buhrs is in the process of strengthening the capital of the company and is in discussion with private equity firms.
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