WICHITA — Printing Inc. has laid off 10 to 15 people in the last week, which follows several months of four-day workweeks for employees. The company won’t release how many employees it has.
“We’ve hit the same economic iceberg that everyone else has,” says president Mark Woodman.
He says summer is a traditionally slower time in the industry.
Woodman says the company has a broad base of customers — 50 percent are out of state — across many industries.
“I’ve always felt like we were a pretty good representation of the overall economy,” he says.
And it’s not a pretty picture, he says.
“We’re seeing it in every industry,” Woodman says. “We’re seeing a lot of capacity go out of this marketplace.”
His industry is facing particular challenges.
“I thought I knew what a twit was a year ago,” he says.
Now, Twitter and other social networking sites are taking business when customers use the sites as a way to advertise instead of using printing.
“You’ve got to change with the times,” Woodman says.
He says Printing Inc. will be fine, but he expects some of his competitors won’t be able to make it while waiting for the economy to improve.
Woodman says it makes a difference that Printing Inc. is part of the international Consolidated Graphics.
“Consolidated Graphics is in it for the long run.”
2 Comments
[“You’ve got to change with the times,” Woodman says.]
They should help the Fed print money; I’m sure their machines are running non stop.
Printing Inc. will survive this downturn. We have worked with this great company for most of our 20-year history so know its excellence firsthand. There continues to be a demand for what Printing Inc. delivers – quality you can hold in your hand.