PMP will today close the Hannanprint facility in Noble Park, Victoria, as part of its merger with IPMG - a move which will result in 100 redundancies.
In a statement to the ASX, PMP announced the shuttering of the former IPMG plant and the loss of 100 associated positions, saying it will work to redeploy some affected staff to its facility in Clayton. “We have made all attempts to ensure that those leaving the business are doing so with the best possible level of support and assistance available to them, and we have made agreements with the individuals transferring across to the Clayton facility to ensure there are no adverse effects of this change in employment," said Peter George, CEO PMP.
George said PMP was 'working constructively' with the Australian Manufacturing Workers Union, who have provided input into the process, and that the rationalisation is part of its commitment to finding business synergies. “PMP has shown in the past its determination and capability to successfully integrate businesses and major contracts within our ongoing business, and this has had positive outcomes for our customers and our shareholders.
“We are pleased with the progress made since the merger including the transformation of our NSW and Queensland operations, which are under discussion internally and with the AMWU and our employees," he said, adding that further details of the outcomes of these transformations will be released in April and May.
The merger between PMP and IPMG was completed on March 1 after a lengthy review process by the ACCC. The AMWU estimated that a total of 300 jobs would be lost due to closures of facilities in Victoria, NSW and Queensland.