Verso, Unions Reach Accord
BUCKSPORT, ME—Verso Paper mill and three unions representing a lion’s share of the nearly 800 workers here ratified a four-year contract to avoid a strike, the Bangor (ME) Daily News reported. Members of the United Steel Workers, International Brotherhood of Electrical Workers and the International Association of Machinists and Aerospace Workers ratified the pact.
Security Changes for $5 Bill
WASHINGTON, DC—Abraham Lincoln will be surrounded by color when the Federal Reserve circulates a new $5 bill in March. The splashes of purple and gray, along with some high-tech features, are aimed at frustrating counterfeiters. Initially not slated for a makeover, the government had a change of heart with the realization that counterfeiters were bleaching the $5 bill and printing fake $100 bills with the bleached paper. A number of the security features were in the same locations on both denominations.
New Division for HudsonYards
NEW YORK—HudsonYards has opened a new division, Studio Services, which supports the creative process in the distribution of electronic mechanicals to printers or other media providers. HudsonYards previously offered these services via customer on-site locations.
GPO Production Head Retires
WASHINGTON, DC—Bob Schwenk, the managing director of plant operations for the U.S. Government Printing Office (GPO), has retired after 45 years with the organization. Schwenk oversaw roughly 1,200 employees and all legislative printing services for Congress.
Wilde Offers Digital Solution
HOLLISTON, MA—Direct marketing specialist W.A. Wilde is unveiling Wilde Digital Publishing, a new printing solution for the digital book market. It integrates traditional binding equipment with digital printing technologies to serve sectors including education, financial services and Web-to-print publishing businesses.
USA Today Ditches HI Printer
McLEAN, VA—USA Today stopped printing newspapers in Hawaii near the end of last month after three years of being published by the Honolulu Advertiser. The nation’s highest circulated newspaper, with an average daily circulation of 2.3 million, will be printed in California with fewer copies flown to Hawaii for afternoon delivery.
STAMFORD, CT—An error appeared in the “Executive Compensation” report published in the December issue. Income shown for Robert Burton, chairman and CEO of Cenveo Inc., did not include his $3 million bonus, which would have made him the highest paid executive on the list. Also, American Color, Brentwood, TN, should have appeared on the PI 400 rankings.