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50+ signage and print businesses answer NSW “call to arms"

More than 50 signage and print industry businesses are among over 500 companies who've so far offered to 're-tool' to manufacture urgently needed medical equipment during the COVID-19 crisis, after an emergency appeal this week by NSW Premier Gladys Berejiklian.

Xerox calls off its hostile takeover bid for HP

“The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to Xerox continuing to pursue an acquisition of HP Inc."

Blue Sky thinking from CPH Group

We all need to think outside the 'square' during this time. Leading the way, supplier CPH Group has launched a free online resource called Blue Sky to help signwriters and the digital print industry generate new revenue during the COVID-19 crisis.

$130bn JobKeeper package: 6m to receive $1,500 a fortnight

The Federal Government will provide a historic wage subsidy to around six million workers who will receive a flat payment of $1,500 per fortnight through their employer, before tax. The payments will begin in May but be backdated to March 30. The ACTU has welcomed the announcement but noted several “early issues.”

Wideformatonline Publisher now also Editor of Labels Plus magazine

The timing could be better but then, as a great sage once wrote "Man plans - God laughs." The Publisher of this twice-weekly newsletter and website, Andy McCourt, is pleased to announce he is now also Editor of the industry's leading Label & Packaging title, Labels Plus, and all former Labels-Online subscribers will receive the e-version for free.

NZ bans printing of non-daily newspapers & magazines; News Corp Australia suspends 60 local newspapers

National print association PrintNZ says it was “caught by surprise” on Friday when the New Zealand government announced that under new COVID-19 measures only major daily newspapers were considered essential services and that “all other printed newspaper and magazine production was to cease immediately.”  The move comes as the fight to declare printing and signmaking an essential service heats up on both sides of the Tasman. 
PVCA CEO Andrew Macaulay said all Australian print and packaging businesses that maintain the latest CoVid19 safe health work guidelines can continue to operate, "if that is their commercial decision.”
News Corp Australia has stopped printing 60 local newspapers because of a collapse in advertising revenue. News Corp announced on Wednesday it would turn its 60 community mastheads into digital-only products.

oOh!media raises $156m, announces cost-cutting program

ASX-listed outdoor advertiser oOh!media is out of a trading halt after raising $156 million to complete the institutional part of an emergency $167 million capital raising. US investment firm HMI Capital is providing $17.7 million, which could leave it with 25 percent of the company. oOh!media also announced a cost-cutting drive of $45m-65m.

‘Severe impact’: Kornit Digital pulls guidance over COVID-19 

Digital textile printing manufacturer Kornit Digital has withdrawn its first quarter earnings guidance because of the impact of COVID-19. "The first quarter was off to an excellent start before the global effects of COVID-19 began to severely impact the fashion, apparel and home décor sectors."

PrintNZ apprentice award now includes signmakers

PrintNZ GM Ruth Cobb says the decision to include signmakers/speciality graphics in the Top 12 Apprentices of the Year finalists for 2020 illustrates that the national association “strives to keep at the forefront of evolutions within the sector.”

Support for businesses: Latest Commonwealth and State Government updates on COVID-19

“The outbreak of the coronavirus (COVID-19) and the responses from governments, both federal and state, has put restrictions on some businesses and forced many to close, which has consequences for employees,” says the Fair Work Commission (FWC) in its latest COVID-19 update. “Please read this Information note – Government responses to COVID-19 pandemic.”

HP to Xerox: now is not the time

“While we remain open-minded about M&A as a tool to add value for HP shareholders at the right time and on the right terms – it’s abundantly clear that now is not that time,” HP has told its shareholders in a letter. It warned that any large-scale transaction in the current economic environment could be disastrous.

Mimaki Europe announces large-scale 1.8 metre 3D printer

A new Mimaki 3DGD-1800 3D printer boasts ground-breaking production speeds to transform production of large-sized objects, opening up a wide range of new possible applications across industries from sign and display to manufacturing. It is clearly made by Massivit of Israel but, when combined with Mimaki's range of 2D wide format printers, offers major advantages.

Skope unable to comply with Clear Skies DOCA - liquidation inevitable

The short-lived DOCA (Deed of Company Arrangement) for Clear Skies Corp Pty Ltd, executed last September 17th, whereby the supporting creditor Skope Group Pty Ltd agreed to pay $22,000 per month and 30 cents in the dollar by 2022, will be terminated and the company liquidated if a meeting of creditors votes for it on April 2nd.

Sign shop lockdowns begin in NZ - D&D Signs

The terrible effects of the Covid-19 pandemic are beginning to be felt in New Zealand as lockdown and isolation laws reduce sign businesses to emergency-only signage and work-from-home designs.