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Quad Consolidates Plants, 2,200 Jobs Impacted

August 6, 2010
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SUSSEX, WI—The consolidation phase of the Worldcolor integration has begun at Quad/Graphics. Five plants will be closed by the end of 2010, resulting in the loss of roughly 2,200 jobs. Most of the equipment from those facilities will be shut down and scrapped, removing excess capacity.

The plants to be closed are in Clarksville, TN; Corinth, MS; Lebanon OH; Reno, NV; and Dyersburg, TN. The Dyersburg location had been slated by Worldcolor to close in the first quarter of 2011, but the timing has been moved up to this fall. The five facilities encompass nearly 2.7 million square feet.

The company expects to garner roughly $225 million in pre-tax net annualized synergies within 24 months of closing on its acquisition of Worldcolor.

"Today’s announcement is a major step in integrating operations and creating the most efficient and modern manufacturing platform in the industry," said Joel Quadracci, chairman, president and CEO of Quad/Graphics, in a statement. "Through this plan, more clients will benefit from our industry-leading technology and automation, while continuing to receive top-quality, on-time services."

Quad/Graphics plans to consolidate work into plants it feels have the most efficient and competitive platforms. The printer says it will also take an active role in aiding displaced workers in their search for employment, including opportunities at other Quad facilities.

 

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COMMENTS

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Most Recent Comments:
Chris Sweterlitsch - Posted on August 06, 2010
This news isn't a surprise to anyone following the Worldcolor story, or for that matter printing industry trends. We know that more plants will be shut down in the future. But it's still a shock to see so many people affected all at once. I wonder if this is how the monks that hand copied manuscript books felt in the late 1400's?
Brian Driscoll - Posted on August 06, 2010
The company expects to garner roughly $225 million in pre-tax net annualized synergies within 24 months of closing on its acquisition of Worldcolor. "Today’s announcement is a major step in integrating operations and creating the most efficient and modern manufacturing platform in the industry," said Joel Quadracci , chairman, president and CEO of Quad/Graphics, in a statement. Tell 2,200 people who lost or are going to loose their jobs that this is a good thing! You guys should be ashamed of yourselves. Is your goal to be the lowest cost provider of printing on the backs of all these people? Wake up...
Michael Bense - Posted on August 06, 2010
We can only hope, that the highest level executives at World Color are let go. Since they proved their inability to run a profitable organization. Plus, if memory serves me right, I believe that they filed Chapter 11, which then led to the closing of some of the suppliers, which they owed money.
Click here to view archived comments...
Archived Comments:
Chris Sweterlitsch - Posted on August 06, 2010
This news isn't a surprise to anyone following the Worldcolor story, or for that matter printing industry trends. We know that more plants will be shut down in the future. But it's still a shock to see so many people affected all at once. I wonder if this is how the monks that hand copied manuscript books felt in the late 1400's?
Brian Driscoll - Posted on August 06, 2010
The company expects to garner roughly $225 million in pre-tax net annualized synergies within 24 months of closing on its acquisition of Worldcolor. "Today’s announcement is a major step in integrating operations and creating the most efficient and modern manufacturing platform in the industry," said Joel Quadracci , chairman, president and CEO of Quad/Graphics, in a statement. Tell 2,200 people who lost or are going to loose their jobs that this is a good thing! You guys should be ashamed of yourselves. Is your goal to be the lowest cost provider of printing on the backs of all these people? Wake up...
Michael Bense - Posted on August 06, 2010
We can only hope, that the highest level executives at World Color are let go. Since they proved their inability to run a profitable organization. Plus, if memory serves me right, I believe that they filed Chapter 11, which then led to the closing of some of the suppliers, which they owed money.