MAN Roland Cuts Jobs
OFFENBACH, GERMANY—The MAN Roland Druckmaschinen Group has launched a package of measures designed to save around EUR 130 million over the next few years. Fundamental objectives are to streamline the organization and thus accelerate reaction time to changing market conditions. The cost of the restructuring and a decline in sales mean that the company's pre-tax earnings of EUR 10 million are significantly lower than the previous year's figure of EUR 89 million. A total of 373 positions are currently being eliminated in the sheetfed press sector as part of the planned facilities consolidation measures. In addition, further personnel adjustments are planned for both the sheetfed and web press sectors, and for the sales companies.
Coastal Graphics Expands Plant
VERO BEACH, FL—Coastal Graphics has aggressive expansion plans this year to market its 25th year in business. The expansion will include the installation of what it claims is the area's first six-color Heidelberg MOS-H press. The finishing operations will be retooled and the equipment upgraded in order to provide a full-service bindery. The new bindery will include a 45˝ Seypa 115 PMC paper cutter, a 20˝ MBO folder and a six-pocket Muller Martini Minuteman saddle stitcher.
Quad Earns Printer of the Year
PEWAUKEE, WI—For the fourth consecutive year, Quad/Graphics has earned distinction as Time Inc.'s Weekly Magazine Printer of the Year. Quad/Graphics' plant in The Rock, GA, earned the honor for exceptional weekly production of Sports Illustrated, People, Time and Entertainment Weekly during 2002.
NY Governor Gets Award
NEW YORK—New York Governor George E. Pataki will be the recipient of the 51st annual Franklin Award for Distinguished Service. The award, presented by the Association of Graphic Communications (AGC), recognizes the outstanding achievements of world leaders and dedicated Americans. Pataki will receive the award on May 15 as part of the 2003 annual Franklin Event.