Netherlands-based Buhrs Mailing Solutions, which manufacturers mailing and finishing systems, has entered into insolvency. The company has 4,500 of its mailing systems installed worldwide.
Buhrs had implemented a global reorganization plan in 2008 which saw it slash jobs and cut costs by up to 40 percent. According to the company, although it generated “significant losses” in 2008 and 2009, it is seeing orders up 25 percent over the same period in the previous year and is on track to being profitable. The company employs 250 people today, down from 360 just prior to its reorganization program.
Buhrs was founded in 1908 in the Netherlands and is sold in over 40 countries. In Canada, Buhrs is distributed by Insource.