Transcontinental Closing Two Canadian Facilities
MONTREAL—Transcontinental Inc. announced that it will be closing its Transcontinental Concord printing plant in Concord, Ontario, and its Transcontinental Edmonton printing plant in Edmonton at the end of December.
"We are always looking at possible solutions to maximize our print platform," said Jacques Grégoire, president of the printing division of Transcontinental Inc. "Our recent analysis have led us to close the Concord and Edmonton facilities in order to consolidate our production in state-of-the-art plants which will increase our efficiency and utilization rate. In light of the current market environment, we are pursuing our review and are examining various options to continue responding appropriately to demand while remaining cost-effective for our customers."
The reorganization will result in a total of 120 layoffs. Transcontinental will ensure that the impacted workers are assisted in their transition to other employment.
Transcontinental Inc.—including TC Transcontinental, TC Media, TC Transcontinental Printing and TC Transcontinental Packaging—has more than 9,000 employees in Canada and the United States, and revenues of about US$1.87 billion in 2013.