RR Donnelley absorbed another loss in its quarterly results, recording a net loss of $686.9 million in the fourth quarter. Impairment and restructuring charges, which totaled nearly $1.4 billion, were the primary culprits.
CHICAGO—RR Donnelley will close the former Spencer Press in Wells, ME, and its Hillside, IL, facility as the company continues to deal with the dismal economy. A total of 488 jobs will be lost, including 370 at Spencer Press, a catalog and direct marketing printer. The Spencer plant will close by mid-June, with staggered layoffs. Employees at both facilities will receive severance packages.