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
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 firstname.lastname@example.org www.tc.tc
Financial Community Jennifer F.McCaughey Senior Director, Investor Relations
and Financial Communications TC Transcontinental Telephone: 514-954-2821
SOURCE: TRANSCONTINENTAL INC.
To view this news release in HTML formatting, please use the following URL:
CO: NEWS - MEDIA
NI: PUB ECO
-0- Nov/01/2012 20:21 GMT
Press spacebar to pause and continue. Press esc to stop.