Printer goes into receivership

MORE than 40 workers at the Moonah site of printer Geon face uncertainty in a new jobs blow for Tasmania.

Administrators and receivers have been appointed to the award-winning printer, which has several hundred employees in Australia and New Zealand.

It comes after last week's collapse of courier company Road Runners and the loss of Sensis jobs as Tasmania grapples with the nation's worst jobless rate, just over 7 per cent.

The Australian Manufacturing Workers Union Tasmanian secretary John Short said the printing industry in Australia, including Tasmania, had suffered badly in recent years.

"Obviously we are concerned about the workers' jobs, but we're optimistic. Hopefully it will be sold to a reputable company that has the long-term interests of the employees in the forefront of their minds," Mr Short said.

"They're a highly skilled workforce."

He said the union always had concerns if a private equity company was involved.

"Whoever buys the company we expect the new employee to abide by the present industrial agreements."

He said the environment had become very tough for printers. In the past few years Geon had lost contracts with Cadbury and Australia Post.

Andrew Fraser from McGrathNicol, which had been appointed receivers and managers, said they were working quickly to stabilise operations and assess its business units while running an accelerated sale process for the business and assets.

Mr Fraser said the receivers were liaising with employees, unions, customers and suppliers to minimise disruption.

The past week has been tough for Tasmanian jobs.

Courier and distribution company Road Runners was put into voluntary administration last week, putting 100 jobs at risk.

Tasmanian trucking magnate Chas Kelly bought the company and said he hoped to save 45 to 50 jobs.

michelle.paine@news.com.au

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