Quebecor World’s UK Plant in Administration

MONTREAL—Quebecor World’s British subsidiary, Corby-based Quebecor World plc, has been placed into administration. The facility had been cash negative since the loss of an important contract three years ago.

Ernst & Young llp will be administrators of the facility, located about 70 miles north of London. It will explore options, including a possible sale. The plant employs nearly 300.