Quebecor World Plants Continue RealignmentApril 2000
Some of those employees have worked at the plant since the 1960s, when it was owned by Webb Publishing, publisher of Family Handyman and several other magazines. The magazines were all sold off after British media tycoon Robert Maxwell bought Webb in 1986. Quebecor took over in 1989, and undertook a $10 million expansion in 1998 after it landed a large contract.
The good news for workers at the plant is that the Twin Cities printing industry is extensive, and the job market there is tight—the unemployment rate in the city is a remarkable 1.6 percent. Indeed, when word got out that the plant was closing, proposals were immediately put forth for a job fair.