Closure of Transcontinental Inc. Printing Plant in LaSalle, Quebec MONTREAL, Nov. 1, 2012 /CNW Telbec/ - Transcontinental Inc. (TSX: TCL.A TCL.B TCL.PR.D) is announcing the closing, on or about December 20, 2012, of its printing plant at 7743 Bourdeau St. in LaSalle, Quebec, leading to the loss of some 150 jobs. All employees affected by the termination of printing operations at this plant have been informed of the decision and will receive severance pay as well as out-placement services to help them find new jobs. "The printing industry is undergoing a major transformation that is altering supply and demand. Given the capacity and potential of our network, we have concluded that we have excess production capacity in relation to market demand. In order for Transcontinental inc. to remain competitive in this industry under pressure and get the most out of its most efficient equipment, we have had to make the difficult decision to terminate our printing operations at LaSalle," said Marian Kerr, Senior Vice President, Retail and Newspapers - Eastern. This decision is not based in any way on the quality of the work or performance of the team at Transcontinental LaSalle. Transcontinental inc. sincerely thanks all the employees at the plant for their dedication and professionalism. About TC Transcontinental TC Transcontinental creates marketing products and services that allow businesses to attract, reach and retain their target customers. The Corporation is the largest printer in Canada and the fourth-largest in North America. As the leading publisher of consumer magazines and French-language educational resources, and of community newspapers in Quebec and the Atlantic provinces, it is also one of Canada's major media groups. TC Transcontinental is also the leading door-to-door distributor of advertising material in Canada through its Publisac network in Quebec and Targeo in the rest of Canada. Thanks to a wide digital network of more than 3,500 websites, the Corporation reaches over 18.7million unique visitors per month in Canada. TCTranscontinental also offers interactive marketing products and services that use new communication platforms supported by marketing strategy and planning services, database analytics, premedia, e-flyers, email marketing, custom communications and mobile solutions. Transcontinental Inc. (TSX: TCL.A, TCL.B, TCL.PR.D), known by the brands TC Transcontinental, TC Media and TCTranscontinental Printing, has approximately 10,000 employees in Canada and the United States, and reported revenues of C$2.0 billion in 2011. For more information about the corporation, please visit www.tc.tc. Media Nathalie St-Jean Senior Advisor External Communications TC Transcontinental Telephone: 514-954-3581 email@example.com www.tc.tc Financial Community Jennifer F.McCaughey Senior Director, Investor Relations and Financial Communications TC Transcontinental Telephone: 514-954-2821 firstname.lastname@example.org www.tc.tc SOURCE: TRANSCONTINENTAL INC. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/01/c4244.html CO: NEWS - MEDIA ST: Quebec NI: PUB ECO -0- Nov/01/2012 20:21 GMT
Closure of Transcontinental Inc. Printing Plant in LaSalle, Quebec
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