Quebecor World Closes Plant, 550 Jobs Lost
MONTREAL—Transformation of the Quebecor World U.S. magazine platform will spell the end for its Lincoln, NE, plant. The move, which is expected to take place in the second quarter, will result in the loss of roughly 550 jobs.
With the installation and startup of a new wide web press at the St. Cloud, MN facility, one of 10 that were slated to go live, the company says its three-year retooling plan has now essentially been completed. Other investments were made in accompanying robotics and bindery technology.
Quebecor World also announced it was consolidating its Quebec-based magazine and catalog printing business, resulting in the closure of its plant in Beauceville, Quebec. The immediate shutdown resulted in 155 lost jobs.