Year in Review: Not the Best of Times
Transcontinental Inc. of Montreal eliminated 1,500 jobs as part of a rationalization measure. The company also instituted other cost-cutting initiatives, such as a hiring freeze, unpaid leave and reduced work weeks.
RR Donnelley targeted more than 200 job reductions at its Von Hoffmann plant in Jefferson City, MO, with workers either laid off for a few weeks or permanently.
An employee of Cenveo’s envelope plant in Chicago was found dead in early February, apparently crushed between the rollers of a machine. Foul play was not suspected. The Stamford, CT-based company also shuttered its plant in Easton, MD, with about 200 jobs lost.
Brown Printing, Waseca, MN, eliminated 200 jobs across its network of plants, representing about 8 percent of its total workforce. Employees from three states were impacted.
The face of printing in Los Angeles took on a different look as spring approached, with longtime fixture Anderson Litho getting consolidated into ColorGraphics by parent company Cenveo. Meanwhile, Insync Marketing Solutions filed for Chapter 7 liquidation.
K&D Graphics, of Orange, CA, held an open house to showcase its new 12-color, 41˝ Heidelberg Speedmaster XL 105, one of the world’s longest sheetfed printing presses.
Sad news struck the Goss International family when the bodies of Phil Burke and his eight-year-old daughter were pulled from
Miami’s Biscayne Bay on April 7. An accident during a father/daughter tubing excursion had apparently claimed their lives. Burke, 49, was the company’s vice president of sales for Latin America.
Saddled with more than $6 billion in debt, AbitibiBowater of Montreal filed for Chapter 11 bankruptcy protection both in the United States and Canada.
In perhaps the most shocking printing news of the year—perhaps of this century—RR Donnelley made a bid to acquire Quebecor World, which was about to exit bankruptcy protection. The offer of $1.35 billion in cash and Donnelley stock was rejected shortly thereafter by Quebecor World, which stuck to its game plan of emerging from Chapter 11 protection. And, in another shocker, former Donnelley CEO Mark Angelson climbed into the captain’s chair of the newly rechristened Worldcolor.