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You've been sent an issue of PI PI Weekly, Printing Impressions magazine's weekly e-mail newsletter. PI Weekly *Bowne Reducing Workforce by 10 Percent* NEW YORK—With a sharp year-over-year decline in revenue and profit due to difficult capital markets, Bowne & Co. announced it will reduce its workforce by 10 percent to provide cost savings of $21-$23 million. The cuts bring Bowne's total to 1,000 lost jobs in 2008, representing 24 percent of its workforce. Dave Shea, chairman and CEO, said the company will save $70 million annually as a result of the cutbacks.... Read Full Story http://www.piworld.com/article/bowne-reducing-workforce-10-percent-400621_1.html *USPS Registers $2.8 Billion Loss for FY 2008* WASHINGTON, DC—With mail volumes continuing to dwindle and added costs mandated by the Postal Act of 2006, the U.S. Postal Service finished its 2008 fiscal year with a net loss of $2.8 billion. The loss came despite cost-cutting measures in excess of $2 billion, including 50 million fewer work hours. However, mail volume plummeted by 9.5 billion pieces to 202.7 billion, a decline of 4.5 percent compared to 2007. The USPS also cited the national economy and the use of electronic mail as reasons for the decline.... Read Full Story http://www.piworld.com/article/usps-registers-28-billion-loss-fy-2008-400622_1.html *Transcontinental Implements New Structure* MONTREAL—Transcontinental Inc. has implemented a new operating structure to support its growth strategy by creating the Marketing Communications Sector. The company's growth strategy is to accelerate the development of new services focused on one-to-one advertising and new communications platforms, while continuing to strengthen and extend its publishing and printing assets through its Media and Printing Sectors.... Read Full Story http://www.piworld.com/article/transcontinental-implements-new-structure-400623_1.html *Suspicious White Powder Found at Plant* WINDSOR LOCKS, CT—A printing plant here received a scare when an envelope containing white powder was found inside another envelope, prompting the facility to be shut down temporarily. According to WFSB-TV, emergency service officials were dispatched to the Knights of Columbus printing plant, where they donned protective gear and removed the substance for testing. Results of the testing won't be available for several days, the station reported.... Read Full Story http://www.piworld.com/article/suspicious-white-powder-found-plant-400624_1.html *IP Shutting Down Paper Machine, Laying Off 50* FRANKLIN, VA—International Paper will permanently shut down its No. 3 uncoated freesheet paper machine here on Nov. 23 due to a decline in demand. The move will reduce IP's annual paper production capacity by 150,000 tons and cost 50 workers their jobs. Additionally, 60,000 tons of lack-of-order downtime will be taken out of the company's U.S. uncoated freesheet mills during the fourth quarter.... Read Full Story http://www.piworld.com/article/ip-shutting-down-paper-machine-laying-off-50-400626_1.html *Document Security Systems Buys DPI Assets* ROCHESTER, NY—Document Security Systems is purchasing the assets of DPI, a digital and offset printer based here that filed Chapter 11 bankruptcy, according to the Rochester Democrat and Chronicle . The deal is pending court approval. DPI registered sales of about $7.6 million in 2007. Publicly held Document Security Systems is an anti-counterfeiting technology company that produces, among other things, birth certificates, drivers licenses and passports for international clients.... Read Full Story http://www.piworld.com/article/document-security-systems-buys-dpi-assets-400627_1.html OPINIONS & FEEDBACK: SUZANNE MORGAN *Are You Promoting Your Sustainability Efforts?* At last month’s GRAPH EXPO 2008, I did a “2008 Print Buying Trends” presentation at Heidelberg’s Print Media Academy. One of the many topics I covered was sustainability and how the best print suppliers are not only going green, but are actively promoting their efforts to their customers and prospects. I was surprised to learn that many solution providers are doing the right things, but they aren’t marketing their programs and progress. How are print buyers going to know that you are eco-friendly if you don’t tell them?... Read Full Story http://www.piworld.com/blog/are-you-promoting-your-sustainability-efforts-301006.html --- Like these stories? Subscribe to PI PI Weekly at http://enews.piworld.com/eLP/?PMC=INWEB2&PUB=PIN&GRP=2
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