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.
Wells
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.
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