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Last Updated: Wednesday, 26 November, 2003, 17:46 GMT
Jobs at risk at printing works
50 dinar 'Saddam' banknote
The parent company has a contact to replace Iraqi currency
About 150 jobs are at risk at a printing firm's factory in Peterborough.

The British company De La Rue, which owns the factory, is the world's largest commercial security printer and papermaker.

It recently won the contract to print Iraqi banknotes.

On Wednesday it announced it was putting its Cambridgeshire factory, which produces cheque books for high street banks, up for sale.

If it fails to find a buyer the plant will close.

The company said demand for cheque books was dropping.

In September 2002, De La Rue cut up to 350 job with the closure of its factory at High Wycombe, Buckinghamshire.

Some of the jobs were moved to its offices in Peterborough and Dunstable.

De La Rue employs more than 6,500 people across 31 countries.


SEE ALSO:
Iraqi banknotes boost UK firm
19 Sep 03  |  Business
Banknote maker cuts jobs
23 Sep 02  |  England


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