Polymer Banknotes Behind Restructuring, Layoffs at Canadian Banknote Printer
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OTTAWA, CANADA—Dec. 1, 2011—Giesecke & Devrient (G&D), one of the world’s leading privately owned banknote printers, announced a restructuring of BA International, its banknote printing operation in Ottawa. As a result of changing conditions in the local Canadian banknote market, BA International will cease printing banknotes for the Canadian and international market at the end of 2012.
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