The Massachusetts Company that makes paper for U.S. currency has laid off 70 employees in its personalized stationery division in response to a drop in demand for the product. Officials at Crane & Co. also announced Tuesday that the roughly 200 remaining employees in the division would take a 9 percent pay cut. Chief Executive Charles Kittredge called the layoffs "extremely difficult." He says in a tough economy people do not have the discretionary income to buy personalized stationery. Fifty of the eliminated positions were in Crane's personal design services facility in North Adams and 20 cuts were at the company's factory in Dalton. The company, founded in 1801, also makes currency and passport paper, and water filters.
The Massachusetts Company that makes paper
for U.S. currency has laid off 70 employees in its personalized stationery
division in response to a drop in demand for the product. Officials at Crane
& Co. also announced Tuesday that the roughly 200 remaining employees in
the division would take a 9 percent pay cut. Chief Executive Charles Kittredge
called the layoffs "extremely difficult." He says in a tough economy
people do not have the discretionary income to buy personalized stationery.
Fifty of the eliminated positions were in Crane's personal design services
facility in North Adams and 20 cuts were at the company's factory in Dalton.
The company, founded in 1801, also makes currency and passport paper, and water
filters.
Recession
is taking its toll and it is saddening that more and more employees are getting
laid off. The story of this company laying off employees in its personalized
stationery division has been everywhere lately. Is the combination of the
recession and the increasing use of technology the beginning of the end for
personalized stationery? Perhaps not, it should be noted that the personalized
stationery industry is still going strong.
Many
people still value the tangible paper and pen over the e-mail. There is plenty of
research on the impact of technology on our lifestyles. Just 5% of people aged
15 to 24 communicate by paper, preferring to send emails, mobile phone texts or
internet SMS messages. But even with this heavy dependence on our technological
forms of communications, there is an element to a traditional thank you note, gift
card, note card, or invitation that no electronic media can deliver. Sending a physical note of gratitude to family
members and all the people who have a special place in your heart is one of the
purest forms of giving your honest sincerity. From a professional standpoint,
good stationery is often underestimated.
A business’ stationery can be the first
impression a potential client gets of a business. Stationery plays a vital role
in whether or not a prospect chooses a particular business. The company
letterhead, envelope and business card are the three items clients see most,
and have a deep impact on their decision to do business with the organization.
Despite knowing the importance of good stationery, there are still businesses
that have poorly designed business cards, letterhead and invoices. Many
companies fail to understand the necessity of using quality stationery.
Good stationery is important for every
company regardless of size. Custom stationery is the best way to show business
professionalism to the clients. Having custom stationery demonstrates that you
welcome and appreciate the client’s business. An easy way to increase business
is by sending correspondence on quality stationery because it lends to the
quality of the business. One of the biggest advantages of custom stationery is
the unique patterns and designs that are exclusive to the business. Custom
stationery requires that a pattern be created according to the ideas given by
the customer. The resulting stationery is distinctive and can set a business
apart from the competition. These essential factors only imbed the importance
of good customized stationery helping maintain this industry for a long time to
come.
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