Transcontinental Shuttering Quebec Facility in December
MONTREAL—Transcontinental Inc. will close its LaSalle, Quebec, printing facility no later than Dec. 20, which will result in the loss of roughly 150 jobs. All employees affected by the termination of printing operations at this plant have been informed of the decision and will receive severance pay as well as out-placement services to help them find new jobs.
"The printing industry is undergoing a major transformation that is altering supply and demand. Given the capacity and potential of our network, we have concluded that we have excess production capacity in relation to market demand. In order for Transcontinental Inc. to remain competitive in this industry under pressure and get the most out of its most efficient equipment, we have had to make the difficult decision to terminate our printing operations at LaSalle," said Marian Kerr, senior vice president, Retail and Newspapers-Eastern.
Transcontinental said the decision is not based on the quality of the work or performance of the team at Transcontinental LaSalle.