Weighing Company Health Against Employee Pain
From the "it's going to get worse before it gets better" department comes a Quad/Graphics capacity reduction that sees 550 people lose their jobs this week. Another 72 jobs are gone as Courier Corp. shuts down short-run Book-mart of North Bergen, NJ, while 62 Multi-Color Corp. positions are eliminated as its Framingham, MA, operations are folded into other facilities. That's nearly 700 jobs in under a week. It's a safe bet that more than 1,000 people industry-wide will be cut loose this week.