Transcontinental Slashes 1,500 Jobs

MONTREAL—Transcontinental has implemented rationalization measures to address the recession, including the elimination of about 1,500 jobs. Substantive cost-cutting measures are being implemented at plants throughout the United States, Canada and Mexico. The foundering economy has tempered the communication and marketing investments of a number of Transcontinental’s customers, significantly affecting some of the printer’s business niches. Commercial printing jobs, direct mail projects and magazine advertising placements have been cancelled or postponed by companies that have been hit by the recession.