Banta Plans Restructuring
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Plant Closure
"We remain committed to the consumer catalog market," emphasizes Stephanie Streeter, Banta president and CEO, noting that Banta's catalog plant in Maple Grove expects to launch a major expansion program later this year.
The St. Paul plant closure is expected to eliminate 300 jobs. "We regret any job loss due to our restructuring, and are taking every possible action to keep that number to a minimum," states Streeter. "Affected employees will be encouraged to apply for positions at our other operations, and for those employees displaced, we will provide severance packages and assist with outplacement services," she says.
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- People:
- Stephanie Streeter
- Places:
- Maple Grove
- St. Paul, MN
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